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
Andrew Kortina of Venmo and Fin on Technological Determinism and Work's Relationship to Dignity
All right, Andrew Cortina, welcome to the podcast. Thanks for having me. How’s it going, man? Pretty good. Cool! So, you are the founder or co-founder of both Venmo and Fin, but you’re also a blogger, yeah? I wanted to talk to you about a couple of yo…
How To Turn $25,000 Into A Substantial Return In Real Estate | FT. Scott McGillivray
If you’re an investor and you’re trying to save for retirement, you would put about 50% into stocks and 50% into bonds. But we’re in a very dislocated story about fixed income now. I’ve taken my commercial real estate position from 31% of my portfolio—tha…
Why Nevada Owns Less than 20% of Nevada
The United States of America – you too Hawaii, and Alaska, to scale, for once. Ever since these states united to create America, the federal government of America, … … they and she fought mightily over the land – – which plains or forests or mountains or …
Apple CEO Tim Cook on what it takes to run the world's largest company | Dua Lipa: At Your Service
[Music] Tim, thank you! It’s so great to be here. It’s so great to have you here, honestly. It’s amazing to have you here at home on my sofa, and I love it. It’s beautiful. Thank you. I—I have to say, like, before this interview, I went on the internet t…
15 Reasons Why People Fail
You know, failure is something that happens to all of us at some point. It’s like running into a roadblock when you’re trying to get somewhere. What’s even more concerning is that many times we find ourselves tripping over our own shoelaces, so to speak. …
Free Will: be glad you don't have it
Free Will is a fantasy we should be glad we don’t have it. Um, I’m going to talk about the implications of radical Free Will and why we’re much better off without it. So, what is Free Will? Um, in this video, I’m talking specifically about a version of F…