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
Dihybrid cross and the Law of Independent Assortment | High school biology | Khan Academy
In this video, we’re going to build on our understanding of Mendelian genetics and Punnett squares by starting to think about two different genes. So we’re going back to the pea plant, and we’re going to think about the gene for pea color and the gene for…
This Is The ONLY Video You Need To Watch To Start Your YouTube Channel
You want to start a YouTube channel but you’re lost. There are tons of videos and you’re getting overwhelmed. But don’t worry, I got you, and by the end of this video, you will exactly know where to start, what to do, and how to do it. This is the only vi…
Why polls can be wrong
[Instructor] In previous lessons, we’ve talked about how polls and surveys are used to measure public opinion, but the important thing to recognize is that they are estimates of public opinion. Ideally, they’re done as scientifically as possible, as stati…
Mirrors And The Fourth Dimension
Mirrors do not show us a fourth dimension, but they do show us what a fourth dimension could do to us. First, notice that some things are the same as their mirror image, but some things are not. These two shapes are similar, but they cannot be rotated to …
Momentum collision graphs
A cart of mass m moving rightward at speed 2v hits a slower moving cart of mass m moving rightward at speed v. When the carts collide, they hook together. There’s friction between the track and carts and between the moving parts of the carts. Which of the…
Bank balance sheets and fractional reserve banking | APⓇ Macroeconomics | Khan Academy
In this video, we’re going to talk about balance sheets, and in particular, balance sheets for banks and a fractional reserve lending system. Now, it’s not just banks that have balance sheets; all corporations have a balance sheet. You can even have your …