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
What are some things you’ve had to unlearn?
You’d be surprised at how many Founders that we talked to will tell you that nothing they did in their job translates at all to their startup. It’s because you have so much infrastructure inside of Google or Facebook to do your job, and they have their ow…
Spinning Black Holes
On November 22, 2014, a burst of x-rays was detected by ASASSN—that’s the All Sky Automated Survey for Super Novae. But this was no supernova. The signal came from the center of a galaxy around 290 million light-years away, and what we now believe happene…
"The 4 THINGS Poor People DO That The RICH DON'T!" | Kevin O'Leary
If you’re a CEO and you’re just driven by business, which you know entrepreneurs really are, you’ve got to find a passion. She wanted to diversify her risk, is what she wanted. Because she didn’t, she knew you were great, but she didn’t know which one of …
Impact of the Crusades
We’ve already had several videos where we give an overview of the Crusades. Just as a review, they happen over roughly 200 years during the High Middle Ages. The First Crusade, at the very end of the 11th century, was actually the most successful of the C…
Lance Romance | Wicked Tuna
Who does this man? Is that Bubba? He’s got to learn to reel it without reeling it like that. Who did it? Lance romance? Really, Lance? Come here. It’s week nine, and Lance is still making rookie mistakes. I want Lance to learn these things because if he …
I Failed - How Much Money I Lost
What’s up here, guys? It’s Grams. You know what’s easier than making money? Losing money. And unfortunately, this video is a prime example of doing exactly that because I messed up. See, two years ago, during the pandemic, where every redditor on Wall St…