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
Crowd-funding: Tips
So, as some of you might know already, uh, I’ve been running a crowdfunding campaign to fund the production of the follow-up to my George or to help animation that I made last year. It’s in the final days of the campaign, so if you didn’t check it out alr…
What EVERYONE Needs To Do With Their Money ASAP
What’s up you guys, it’s Graham here. So I want to begin this video on a very serious note. As many businesses and cities begin to shut down, cease operations, close schools, cut hours, and inevitably begin laying off workers, it’s really more important …
Defending Virunga's Treasures | Explorer
[Music] I am hunting down the story, but I’m not your standard, uh, correspondent. I’m a wide-eyed, enthusiastic guy that loves the world we live in. I mean, of course, I’ve heard a lot about Congo, but I can’t sort of get away from these, uh, romantic no…
Classical Japan during the Heian Period | World History | Khan Academy
What we’re going to do in this video is talk about roughly a thousand years of Japanese history that take us from what’s known as the Classical period of Japan through the Japanese medieval period all the way to the early modern period. The key defining c…
Worked example: Predicting whether a precipitate forms by comparing Q and Kₛₚ | Khan Academy
[Instructor] For this problem, our goal is to figure out whether or not a precipitate will form if we mix 0.20 liters of a 4.0 times 10 to the negative third Molar solution of lead two nitrate with 0.80 liters of an 8.0 times 10 to the negative third Mola…
Looking for Killer Whales 26 Years After the Exxon Valdez Oil Spill (Part 1) | National Geographic
In 1989, the largest oil spill in US history destroyed a remote Alaskan wilderness. That was a long time ago. Most people say the sound is back to normal, except for this man. He’s been studying killer whales caught up in the spill. He believes they’re st…