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
Lecture 8 - How to Get Started, Doing Things that Don't Scale, Press
Yeah, thanks for having me, Sam. Um, I’m Stanley. I’m the founder of DoorDash, and it’s really amazing to be here because it wasn’t actually that long ago where I sat in your seats. Um, I was class of 2014, graduated in CS, as well as my co-founder Andy. …
Lesson Planning with Khanmigo Webinar
Welcome, welcome everybody! We are here today to talk about lesson planning and how at KH Academy and with Con Migo we can support you with lesson planning. We know we are all teachers; we have been in the classroom. We have gone through lesson planning.…
My Multi-Million Dollar Watch Collection that will DOUBLE VALUE with Red Bands | Kevin O'Leary
Girlfriend, are you crazy? Chicken, you just left your job, said goodbye to your boss, and you’re starting your own restaurant! Why? Actually, equity, baby! That’s what it’s all about. You’re not! You are now! Good luck! I’m gonna come and eat there; bett…
Punic Wars between Rome and Carthage | World History | Khan Academy
As we enter into the 3rd century BCE, we see the Roman Republic, which was founded in 509 BCE, has now exerted control over most of the Italian Peninsula. But it’s not the only power in the Mediterranean. We have the remnants of Alexander the Great’s empi…
George Ought to Help
Imagine you have a friend called George. You’ve been friends since childhood. Although you’re not as close as you were back then, you still see each other once in a while and get along very well. One day, you and George are approached by an old mutual fri…
Constructing scatterplots | Representing data | Grade 5 (TX TEKS) | Khan Academy
We’re told that Kendrick drinks juice while he drives to work each day. He recorded the amount of juice he drinks in milliliters and how long, in minutes, his drive took. For his drive this week, he recorded this for five days. So, they give us a little …