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
Matt Cutts on the US Digital Service and Working at Google for 17 Years
Matt Cutts: Welcome to the podcast! Host: Thanks for having me! Matt Cutts: No problem. So for those who don’t know you, you are the administrator of the U.S. Digital Service, and previously you were at Google where you were the head of the web spam tea…
US Coast Guard Rescue Swimmer Gear - Smarter Every Day 279
Okay, that was intense! I’m Destin, this is Smarter Every Day. I want to go back and look at what you just saw and explain what’s going on. This is me, and this is John Calhoun, a U.S. Coast Guard rescue swimmer. He’s pulling me towards a helicopter. He …
How to buy a $50,000,000 private jet!
Hey Steve, I just expanded my business to South America and I’ve got 50 million to spend on the jet. How many people do you want to carry? Uh, just me and six of my girlfriends. Six of your girlfriends? You don’t have enough money to spend on the jet l…
Vietnam's Ha Long Bay Is a Spectacular Garden of Islands | National Geographic
[Music] 1600 islands thick with greenery form a maze of channels in the azure waters of Ha Long Bay off northeastern Vietnam. For centuries, this spectacular seascape has inspired wonder. [Music] Although people have lived in this region for thousands of…
2004 Berkshire Hathaway Annual Meeting (Full Version)
Thank you. Good morning. Some of you may have noticed a stuntman was used in that. Arnold just couldn’t handle some of those scenes. Before we get started, I’d especially like to thank Andy Hayward, who’s here today, and if we can, no way we can find him …
From the Hunted to the Hunter | The Great Human Race
It’s thought that Homo erectus became the first early humans to actively hunt their prey, elevating themselves from scavenger to predator. “Bring it!” “Yeah, that’s absolutely dead sure! This is her first kill. We’re gonna make the most of this entire a…