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Goldman: Automated Trucks To Cost 300k Jobs Per Year
Oilprice.com ^ | 14-11-2017 | Jon

Posted on 11/14/2017 3:11:58 PM PST by bananaman22

While Google’s Waymo company has taken center stage for bringing self-driving cars to roads, autonomous trucking may make it to the mainstream first.

Silicon Valley startups, technologists, and venture capitalists see great potential in the technology—even more than most traditional trucking companies are supporting.

CB Insight, which tracks venture capital, reports that companies will place about $1 billion in commercial truck autonomous systems this year, 10 times the level of spending three years ago.

Goldman Sachs economists predicted that trucking will shed about 300,000 jobs per year starting in about 25 years. That may begin sooner than anticipated if automated trucking clears government hurdles and technology innovations—and becomes widely adopted by trucking companies.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy; Society
KEYWORDS: electrictruck; evs; gasoline; trucking
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1 posted on 11/14/2017 3:11:58 PM PST by bananaman22
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To: bananaman22

How many buckboard teamster jobs did the average railroad train eliminate?


2 posted on 11/14/2017 3:13:58 PM PST by Regulator
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To: bananaman22

So we cant automate trains which run on rails but 80,000 semis will roll around with no driver? Really??


3 posted on 11/14/2017 3:14:10 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: bananaman22

No need for those 300K former drivers to worry. They can cross train as SELF-DRIVING TRUCK ACCIDENT INVESTIGATORS.


4 posted on 11/14/2017 3:15:16 PM PST by Dick Bachert (Why are damn near ALL the SEX FIENDS Democrats?)
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To: Regulator

What about the impact on truck stop prostitutes? Devastating...


5 posted on 11/14/2017 3:16:33 PM PST by Wally_Kalbacken
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To: Dick Bachert

And wrongful death lawyers, funeral staff, florists, etc


6 posted on 11/14/2017 3:19:40 PM PST by txhurl
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To: bananaman22
Image result for driverless truck
7 posted on 11/14/2017 3:20:24 PM PST by ETL (Obama-Hillary, REAL Russia collusion! Uranium-One Deal, Missile Defense, Nukes. See my FR page)
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To: ETL

I prefer my beer in bottles.

Can they do that yet?


8 posted on 11/14/2017 3:21:22 PM PST by Paladin2 (No spelchk nor wrong word auto substition on mobile dev. Please be intelligent and deal with it....)
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To: bananaman22
Related image

"Volvo Group is working with Swedish waste and recycling company Renova to test an autonomous, self-driving refuse truck in an urban environment."

9 posted on 11/14/2017 3:21:37 PM PST by ETL (Obama-Hillary, REAL Russia collusion! Uranium-One Deal, Missile Defense, Nukes. See my FR page)
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To: bananaman22

300,000 rolling masses of steel and cargo begging the world to hack. OTR drivers only make .52 cents per mile. The law suites will make this a very unattractive option.


10 posted on 11/14/2017 3:22:33 PM PST by Salvavida (The Missouri citizen's militia sends its regards.)
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To: bananaman22

That’s 300,000 people that can step into the Disintegration Station and lower the Earth’s population ,that’s what self driving is all about


11 posted on 11/14/2017 3:24:02 PM PST by butlerweave
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To: Wally_Kalbacken
What about the impact on truck stop prostitutes? Devastating...

Image and video hosting by TinyPic

McGreevey Had Gay Truckstop Sex While Maintaining Heterosexual Cover

James Joyner
Monday, May 22, 2006

Former New Jersey Governor [DEMOCRAT] Jim McGreevey reveals his life of seedy debauchery before press revelations of an affair with a male aide forced him into coming out of the closet.

Jim McGreevey shockingly admits that before he became governor of New Jersey, he’d have anonymous gay sex at Garden State highway rest stops. “All I knew was that my behavior was getting crazier and crazier,” McGreevey says of his torrid truck-stop trysts in an upcoming book that details his tortured life of lies and sexual repression:

With each new encounter, I was getting nearer and nearer to being caught – which surely would have generated headlines, especially after I became executive director of the state parole board” in the mid-1980s.

“The closet starves a man, and when he gets a chance he gorges till it sickens him,” he writes in his book, titled “The Confession.”

http://www.outsidethebeltway.com/mcgreevey_had_gay_truckstop_sex_while_maintaining_hetero_lie/

12 posted on 11/14/2017 3:24:20 PM PST by ETL (Obama-Hillary, REAL Russia collusion! Uranium-One Deal, Missile Defense, Nukes. See my FR page)
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To: bananaman22

Goldman Sachs economists predicted that trucking will shed about 300,000 jobs per year starting in about 25 years.

...

Why didn’t they put that in the headline.


13 posted on 11/14/2017 3:25:50 PM PST by Moonman62 (Make America Great Again!)
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To: bananaman22

They have a hard time seeing this ever happening. There’s just too many variables. What if it needs to make a decision to hit a dog or a human?


14 posted on 11/14/2017 3:26:01 PM PST by MNDude (God is not a Republican, but Satan is certainly a Democratt)
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To: Dick Bachert

Over 30,000 people lose their lives in America on the roads each year. Why aren’t you making smart remarks about that?


15 posted on 11/14/2017 3:28:11 PM PST by Moonman62 (Make America Great Again!)
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Image result for driverless truck

Image result for driverless truck

Image result for driverless truck

16 posted on 11/14/2017 3:29:20 PM PST by ETL (Obama-Hillary, REAL Russia collusion! Uranium-One Deal, Missile Defense, Nukes. See my FR page)
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Image result for driverless truck

Image result for driverless truck

Image result for driverless truck

17 posted on 11/14/2017 3:31:36 PM PST by ETL (Obama-Hillary, REAL Russia collusion! Uranium-One Deal, Missile Defense, Nukes. See my FR page)
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To: bananaman22

The truck manufacturers cannot equip trucks with security systems that use potentially lethal force to defend against property theft. Without a driver, a truck and its contents are just property. Truck hijacking will increase.


18 posted on 11/14/2017 3:31:48 PM PST by TChad
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To: ETL

Why would driverless trucks need windshields?


19 posted on 11/14/2017 3:33:53 PM PST by Scott from the Left Coast
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To: bananaman22

Hmmm. Very easy for a disgruntled ex-driver to sabotage a driverless truck. It’ll be interesting to see what happens.


20 posted on 11/14/2017 3:34:59 PM PST by Seruzawa (TANSTAAFL!)
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