may be gone when autonomous driving is fully implemented.
At an average salary of $33k, that’s $132 billion in wages that will disappear from payroll.
This from a report from the Center for Global Policy Solutions released last month – thanks to Insurance Journal for the heads’ up.
A quick primer – this contemplates “Level 5” autonomous driving – that is, the vehicle can handle every driving situation without human intervention. Today, some vehicles have attained Level 4, which allows hands free driving in most situations such as highway and parking.
Some will scoff, citing regulatory hurdles, consumer reluctance, or just Luddism as reasons this will never happen. Me? I’d feel a lot safer if that dual semi trailer had Watson behind the wheel – and I’d be pretty happy to have a lot more time to work, read, call my mom, sister, and kids, text and blog while traveling from upstate New York to Boston, NYC, Philly, or Cleveland.
- more productivity for Americans
- lower work comp premium for insurers
- fewer injured workers
- far fewer accidents = less need for replacement parts, less need for body shops, paint techs, wholesalers
- less need for truck stops, mechanics, motels and restaurants (and these are in addition to the 4 million drivers)
- lower work comp medical costs
- way harder to re-employ transportation workers looking for employment
- increased inequality as transportation is one of the few sectors with large numbers of relatively good-paying jobs.
What does this mean for you?
Denial is not a viable long-term option. Adaptation is.