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
Phenotype plasticity | Heredity | AP Biology | Khan Academy
The folks you see in this picture are two NASA astronauts who also happen to be identical twins. On the left here, this is Mark Kelly; you can see his name on his patch right over there. And then this is Scott Kelly. The reason why we want to look at the…
Khan Academy in the classroom | Limits and continuity | AP Calculus AB | Khan Academy
We have this big moment, and the moment is that for 35 years of my teaching career, I walked into the classroom having no idea if the kids had done the homework or what their commitment was to this subject. And then suddenly, there’s this coaching platfor…
The Housing Market Is Sinking
What’s up you guys? It’s Graham here. So let’s talk about something that I’m sure most of us have considered in some way or another, and that would be the next housing crash. After all, in the last month, housing prices have continued to hit record high a…
Michael Burry: The 'Greatest Bubble of All Time' Just Burst (recent tweets explained)
The quote “greatest bubble of all time has started to burst, and it’s not done yet,” according to Michael Burry. Burry made his name correctly predicting the crash of the US housing market during the lead-up to the global financial crisis. This crash was …
Pessimism Appears to Be the Intellectually Serious Position
If you’re an academic of some kind, then being able to explain all of the problems that are out there and how dangerous these problems are, and why you need funding in order to look at these problems in more depth, that appears to be the intellectually se…
We’re All Equal in Our Infinite Ignorance
Induction also says that prediction is the main reason for the existence of science, but it’s not; it’s explanation. You want an explanation of what’s going on, even if you can’t necessarily predict with any certainty what’s going to happen next. In fact,…