>“If you can get rid of the drivers, those people are out of jobs, but the cost of moving all those goods goes down significantly,” Kaplan said. This is a major point of automation. Yes, many jobs will be lost. But the prices of many goods will decrease. The problem is that the current transition threatens to be so rapid as to seriously disrupt society. Perhaps new jobs will eventually be created to make up for those…
This assumption that everything will be cheaper seems a bit disingenuous, because why would these companies want to automate themselves so badly if they weren't going to keep most of the savings as profit? Even if prices were lowered by a few percent for some goods thanks to cheaper shipping, that's little help when you have no source of income. This will only exacerbate the demand-limited economic slump we're curren…
Self-driving trucks threaten one of America's top blue-collar jobs
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Re: Self-driving trucks threaten one of America's top blue-collar jobs
#22Re: Self-driving trucks threaten one of America's top blue-collar jobs
#23Earlier quoted context omitted.
This assumption that everything will be cheaper seems a bit disingenuous, because why would these companies want to automate themselves so badly if they weren't going to keep most of the savings as profit? Even if prices were lowered by a few percent for some goods thanks to cheaper shipping, that's little help when you have no source of income. This will only exacerbate the demand-limited economic slump we're curren…
Companies will want to automate because if they don't they will go out of business because their competitors will.
Re: Self-driving trucks threaten one of America's top blue-collar jobs
#24>“If you can get rid of the drivers, those people are out of jobs, but the cost of moving all those goods goes down significantly,” Kaplan said. This is a major point of automation. Yes, many jobs will be lost. But the prices of many goods will decrease. The problem is that the current transition threatens to be so rapid as to seriously disrupt society. Perhaps new jobs will eventually be created to make up for those…
Re: Self-driving trucks threaten one of America's top blue-collar jobs
#25I'm surprised at how _few_ posts/articles like this there have been, so far: self-driving cars are taking off and are a big looming imminent threat to Uber/taxi/truck drivers. Every time I take an Uber now, I wonder if the driver realizes that his job will most likely be automated away in a couple of years.
Re: Self-driving trucks threaten one of America's top blue-collar jobs
#26Earlier quoted context omitted.
This assumption that everything will be cheaper seems a bit disingenuous, because why would these companies want to automate themselves so badly if they weren't going to keep most of the savings as profit? Even if prices were lowered by a few percent for some goods thanks to cheaper shipping, that's little help when you have no source of income. This will only exacerbate the demand-limited economic slump we're curren…
Companies will want to automate because if they don't they will go out of business because their competitors will.
Re: Self-driving trucks threaten one of America's top blue-collar jobs
#27>“If you can get rid of the drivers, those people are out of jobs, but the cost of moving all those goods goes down significantly,” Kaplan said. This is a major point of automation. Yes, many jobs will be lost. But the prices of many goods will decrease. The problem is that the current transition threatens to be so rapid as to seriously disrupt society. Perhaps new jobs will eventually be created to make up for those…
This assumption that everything will be cheaper seems a bit disingenuous, because why would these companies want to automate themselves so badly if they weren't going to keep most of the savings as profit? Even if prices were lowered by a few percent for some goods thanks to cheaper shipping, that's little help when you have no source of income. This will only exacerbate the demand-limited economic slump we're curren…
But you are right that it would increase economic inequality.
Re: Self-driving trucks threaten one of America's top blue-collar jobs
#28Earlier quoted context omitted.
Companies will want to automate because if they don't they will go out of business because their competitors will.
Regardless, that's not going to help an economy whose primary problem is a consumer base who can no longer afford to purchase goods in sufficient numbers.
1) Challenges that come about due to an aging population
2) An overall slow down in innovation (Cowen's "Great Stagnation" hypothesis)
Re: Self-driving trucks threaten one of America's top blue-collar jobs
#29Earlier quoted context omitted.
>"If you're talking about what I first thought of, which is things like groceries, housewares, the "every day things" that we all buy and consume without really thinking, I'm not sure that A: The prices on these items could go much lower than they already are and remain profitable" This is the wrong analysis. Price of goods is say, (Supplier Cost)+(Transit to Store)+(Profit Margin)=MSRP You're saying that MSRP can't…
But there's no guarantee that MSRP will go down. More likely that PM will increase.
Re: Self-driving trucks threaten one of America's top blue-collar jobs
#30Slowly humans will fade completely from the picture, but it will not be a hard cut. Also, we are far away from auto-fixing trucks. So at least the repair crews will stay for long while.