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
Is There Gravity In Space?
Have you ever looked up into the night sky and wondered what it would be like to be an astronaut floating around in the space station? Why are the astronauts floating? There’s weightlessness in space. You can experience the kind of weightlessness. Why? …
How We Make Money on YouTube with 20M Subs
In 2023, Kurzgesagt has existed for 10 years, insanely long in internet years. We are among the largest sciency channels on Youtube and still a bit of a black box to people. So let us talk about ourselves a bit in three parts: our backstory, how we financ…
Graphing a shifted and stretched absolute value function
So we’re asked to graph ( f(x) = 2 \times |x + 3| + 2 ). And what they’ve already graphed for us, this right over here, is the graph of ( y = |x| ). Let’s do this through a series of transformations. So the next thing I want to graph, let’s see if we ca…
Science Fiction or Real Mechanics? | StarTalk
We have a little quiz, a little game show. I want to know if this mechanical problem is a science fiction problem or a real-life, real mechanical problem? Bona fide mechanical problem. Real or not, is that right? Do we go bing or meh? Yes. So is it a rea…
Where will Tesla be in 10 years? (w/ @HyperChangeTV)
[Music] Hey guys! Welcome back to yet another episode of the New Money Advent Calendar. We’re still going strong, and a very special video is coming in for you guys today - another collab! This time with my mate, Gally Russell, over in Seattle at the mome…
Top 4 Qualities To Be A Successful Entrepreneur | The Geisha Teahouse NFT
[Music] With all the successes that you’ve had, given— and obviously you went through failures as well as successes throughout your career. Now, if you could travel back in time and meet your younger self, what would be like the piece of advice that you’…