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
Examples dividing by tenths and hundredths
Welcome! So let’s see if we can figure out what 8 divided by 0.4 is. Pause this video and see if you can work through that. All right, so we’re trying to figure out what eight ones divided by four tenths is. One way to think about that is to think about…
Expenditure approach to calculating GDP examples | AP Macroeconomics | Khan Academy
What I hope to do in this video is provide even more examples to make sure we really understand how various things would be accounted for in the expenditure approach to GDP. Now, we have talked about this in other videos. There are many different ways of …
The Uncertainty Principle | Genius
[bell] Ernst, my good man. Ah. Two tins of the usual, professor? Indeed. And I would like you to meet my good friend, and thorn in my scientific side, Dr. Niels Bohr. Hello. An honor to meet you, sir. Ernst, are you familiar with Heisenberg’s uncertainty…
Grace Garey Speaks at Female Founders Conference 2015
Hey guys, thanks so much for having me. Like Kat said, I am with Watsi. Watsi is the first global crowdfunding platform for healthcare. So, the easiest way to explain it is you can go on our website and see photos and read stories of patients from all aro…
360° Orangutan School | National Geographic
In a remote corner of Borneo, hidden in a patch of protective jungle, there’s a school for baby orangutans. Very often, we receive around, and they have spent their whole life in captivity, and that they have never been able to climb a tree. Rescued from …
Simplify, Simplify | A Philosophy of Needing Less
Most of the luxuries, and many of the so-called comforts of life, are not only not indispensable, but positive hindrances to the elevation of mankind. With respect to luxuries and comforts, the wisest have ever lived a more simple and meagre life than the…