yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Automated trucks: Blue-collar disaster or economic win? | Andrew Yang | Big Think


2m read
·Nov 3, 2024

Processing might take a few minutes. Refresh later.

The big misconception about the impact of technology in the workforce is thinking that it's around the corner. Instead, it's been with us for years. If you look at the last 20 years or so, we've automated away 4 million manufacturing jobs in Michigan, Ohio, Pennsylvania, Wisconsin, Missouri, Iowa, all the swing states that Donald Trump needed to win in 2016 and did win.

Then my friends in Silicon Valley and my friends who work in technology know that what we did to the manufacturing workers we are now going to do to the retail workers, the call center workers, the fast food workers, the truck drivers, and then even bookkeepers, accountants, insurance agents, lawyers, and on and on through the economy. So what happened to the manufacturing worker is a very clear sign of what's going to happen to these other workers moving forward.

And I talked a little bit about retail workers, the most common occupation in the economy. Thirty percent of Main Street stores and malls are going to close in the next five years because Amazon is soaking up $20 billion of commerce every year. And many of these workers are making $11 to $12 an hour and don't have a huge savings cushion to be able to make meaningful adjustments.

Being a truck driver is the most common job in 29 states. There are 3 and 1/2 million truck drivers in this country, average age 49, 94% male, average education high school or one year of college. They're making about $46,000 a year right now. It's one of the higher paying blue-collar jobs in this country.

And on the west coast, you have my friends in Silicon Valley who are trying to automate truck driving. And the reason they're doing that is because of the money -- $168 billion in financial incentives for automating away truck drivers. And that's not just labor savings. That's also equipment utilization because a truck never needs to stop whereas human-driven trucks have to stop every 14 hours; fuel efficiency because trucks can convoy together in lower wind resistance, and so robot trucks would be able to get places with less fuel, fewer accidents because truck drivers right now kill about 4,000 other motorists a year in accidents and that number would come down if you had automated freight.

So there's a very, very powerful set of incentives to try and automate truck driving as an occupation. Again, though, you have these 3 and 1/2 million truckers, and only 13% of them are unionized. So there's not going to be a grand negotiation. So imagine being a trucker who's taken out a $50,000, $60,000 loan to lease your truck and it's your livelihood and your means of support, and then all of a sudden, you have to compete with a robot truck that doesn't need to sleep.

And that is what is around the corner for hundreds of thousands of truckers in this country in the next five to 10 years when robot trucks start to hit our highways. And Amazon is testing out robot trucks as we speak, right now in the Midwest...

More Articles

View All
The Threat of AI Weapons
I’ll explain more at the end, but let me set up this clip in five words: robot killers, Stephen Fry, watch. Autonomous weapons have been described as the third revolution in warfare after gunpowder and nuclear bombs. They could mount rapid devastating at…
How a 2x Shark Tank REJECT Survived & Made MILLIONS | Ask Mr. Wonderful #15 Kevin O'Leary & Alpha M
[Music] Hey Mr. Wonderful here with a really unique episode. I’ve asked Mr. Wonderful, you know, because we talk about entrepreneurship so much in the journey and the town the challenge of doing it. I thought we’d bring on someone who’s actually been on …
Quotient rule | Derivative rules | AP Calculus AB | Khan Academy
What we’re going to do in this video is introduce ourselves to the Quotient Rule, and we’re not going to prove it in this video. In a future video, we can prove it using the Product Rule, and we’ll see it has some similarities to the Product Rule. But her…
Concrete and abstract nouns | The parts of speech | Grammar | Khan Academy
Hello Garans. So today I’d like to talk to you about the idea of concrete and abstract nouns. Before we do that, I’d like to get into some origins—some word origins or etymology. Um, so let’s take each of these words in turn. I think by digging into wha…
Warren Buffett's Advice for Investors for 2024
I don’t know if you guys have noticed, but Warren Buffett has kept very quiet over the past six months. No media interviews, very few changes to his portfolio. The guy has been keeping well out of the spotlight. So much so that when his longtime business …
Article VII of the Constitution | US government and civics | Khan Academy
Hi, this is Kim from Khan Academy, and today I’m learning more about Article 7 of the U.S. Constitution, which is the provision that specified the conditions for the Constitution to become law. It reads, “The ratification of the conventions of nine states…