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
Ray Dalio: Are we in a Stock Market Bubble?
So Ray Dalio is back on YouTube and his most recent video is actually a really cool 10 minute explainer on whether we’re currently in a stock market bubble. Now Ray is obviously the founder of Bridgewater Associates, the most successful hedge fund the wor…
Avoid these 3 Mistakes if you want to grow FAST on YouTube
Let me guess, this isn’t the first time you’re watching a video about how to grow your YouTube channel. You probably spent hours, maybe even months, learning how to start and where to start. But this endless cycle of learning needs to end. Previously, I …
Be Like Sal: 3 Ways a Tablet Can Energize Your Digital Teaching!
Thank you so much for joining today or this evening, depending on where you’re calling from. This is Jeremy Schieffen at Khan Academy, and I’m so excited they’re joining with us because if anything at Khan Academy, 2020 has been the year of the tablet. We…
What's in a Lichen? How Scientists Got It Wrong for 150 Years | Short Film Showcase
My favorite thing about lichens is that they’re always out there. So anytime you go on a walk and go on a bike, go float the river, you can go out and collect. Like, it’s into a winter when you’re skiing. You only see lichens; so like, until they cover ab…
Student tips for using Mastery Goals on Khan Academy
Hello and welcome to our video on Mastery goals! Let’s review a few tips to ensure you are making the most out of your learning experience while working on Khan Academy. First, let’s make sure you’re logged into your Khan Academy account by checking for …
Why Buying Coffee Makes You Poor
What’s up, you guys? It’s Graham here. So let’s dive into one of the most controversial and debated topics of financial advice in 2019, and that would be whether or not this cup of coffee is making you poor. That’s right! Today we’re gonna be talking abou…