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
Jeff Clavier and Andrea Zurek - Startup Investor School Day 3
Jeff is someone that I met in the very beginning of my venture into venture. When I first started investing a long time ago, he taught me as many lessons about how to be a good investor. In two senses, how to be a good investor by making good choices and …
Kalani Queypo: Playing Squanto | Saints & Strangers
Squanto is actually a real figure in American history. Quanto is from the Pawtuxet tribe, and Squanto actually is a way for like a decade. He’s enslaved, he’s captured by Europeans, and he learns the English language. A decade later, he comes back, finds …
A Rare Look Into the Lives of North Koreans | Nat Geo Live
It’s fair to say that North Korea is one of the most isolated, least understood places on Earth. Part of the reason that it is so misunderstood, and nothing is known about it, is there have been very few photographs that have ever been taken there. (appla…
How To Get Rich According To Steve Jobs
There are a million ways to make a million dollars, and in this video, we’re looking at one of them. If Steve Jobs were alive today, he would be among the top 10 richest people on the planet. Jobs was known to be a non-conformist, a man focused on buildin…
The mole and Avogadro's number | Atomic structure and properties | AP Chemistry | Khan Academy
In a previous video, we introduced ourselves to the idea of average atomic mass, which we began to realize could be a very useful way of thinking about mass at an atomic level or at a molecular level. But what we’re going to do in this video is connect it…
Keep Redefining What You Do
We just finished talking about the importance of working hard and valuing your time. Next, there’s a few tweets on the topic of working for the long term. The first tweet is: “Become the best in the world at what you do. Keep redefining what you do until…