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
How to Learn Faster with the Feynman Technique (Example Included)
There’s this pretty well known quote that gets thrown around a lot, and it’s often attributed to Albert Einstein, and it goes, “Now whether or not Einstein was the person who actually said this, let’s be real he probably wasn’t.” It’s still really insight…
Some Surprising Things
Hey, Vsauce. Michael here. What’s normal? Are you normal? Well, today let’s bathe our brains with those questions and scrub down with things that are surprising and counterintuitive. What does it mean to be normal in the first place? Well, maybe it just …
Game theory worked example from A P Microeconomics
What we have here is a free response question that you might see on an AP Microeconomics type exam that deals with game theory. It tells us Bread Basket and Quick Lunch are the only two sandwich shops serving a small town, so we’re in an oligopoly situati…
The world's first medical delivery drone. ⛑️
My name is Tom. I’m one of the founders of WinCopter, a drone delivery company. We manufacture, but also we deploy and service delivery drones. So, we build drone logistic networks across countries; later on, hopefully, continent. We really laser focus o…
10 Worst Problems To Have
If you act dumb in the world, you’re going to get yourself into a lot of trouble. But some people simply can’t help themselves from making their own lives miserable. Part of the problem is their own inability to identify and prevent their errors in judgme…
For One Flint, Michigan School - This is the Last Dance | National Geographic
Good morning, second students! Today is Friday, calm day in Wildcat country, and these are your morning announcements. [Music] * Describe it. It’s like magical, like the Grammys. Words I get butterflies in my stomach. So, fashion show, a competition—i…