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Elimination of those jobs might not be all that surprising, just an inevitable evolution of working class jobs of the future. #The shockingly simple math behind early retirement reddit driversMost truck drivers do not require a college education. In democratic societies, it will vote for candidates who support progressive causes that expand the social safety net. That group will favor increasingly more generous entitlement programs. This scenario implies a small proportion of every population will need some long term support from the state. They will be unable to develop new, marketable skills. ![]() He said the direction the world is moving will lead some workers to be permanently unemployable. He offered the most honest assessment I’ve heard on the disruptive qualities of automation on governments and society. The key pointįor me, the most insightful comment of the event came from South African President Jacob Zuma. Millions of these jobs sit open today, there just is not enough qualified labor to fill the rolls. However, the skills necessary to succeed (engineering, computer science, math, etc.) are difficult to develop. #The shockingly simple math behind early retirement reddit codeUnfortunately, few programs to date have been successful because of two under appreciated facts: (1) workers are broadly unwilling to move to where jobs are plentiful and (2) reequipping a low-skilled laborer with the tools to code or program is fanciful in most cases.Įducation was cited as necessary to equip the next generation with the tools necessary to succeed. Worker retraining will be critical to equip those displaced by innovation and productivity increases. Solutions such as education and worker retraining were proposed. The B20 discussions tried to get at this topic. When technology destroys jobs, workers will just find new ones. These jobs will not be eliminated overnight, but slowly as the technology improves, fewer drivers will be needed.Īn optimist will argue that these unemployed workers will transition to new, as-yet-unconcieved positions in the workforce of tomorrow. At that point, 3.5 million drivers will begin a gentle journey to obsolescence. ![]() Trucking, because it occurs on long uniform stretches of highway, is an ideal industry to automate. Autonomous long haul trucks should be traveling American roads before 2025. Add in the million or so delivery and taxi drivers and thats about 3 percent of the entire American workforce When will vehicles drive themselves?ĭepending on the vehicle category, autonomous driving is anywhere between a few years and a decade away. In 2018, 3.5 million American’s were employed as truck drivers. Excluding some of the catch-all categories, the most common job in most of America is truck driver. Have you ever considered how many jobs are tied to driving? Take a look at the chart below. The B20 unlocked for me the implications of how many jobs would be lost when cars drove themselves. At the time, I had heard the term autonomous driving and understood it to be something about robots and self-driving cars. One example that resonated with me was on the topic of autonomous driving. Across panels, a consensus emerged that industrial automation, advances in the digital economy, and technological change would lead to the elimination of a large number of low-skilled jobs. News to me. Multiple country presidents sat on panels to discuss and analyze the increasingly strident global rhetoric against trade and globalization. But in January 2017 I attended a large multilateral event, the B20 meeting in Hangzhou China. The future of work is not something that always troubled me. FIRE Power, what does all this have to do with financial independence? I didn’t come here to read about your views on the future of work.” Well, dear reader, financial independence is our insurance against a future of unpredictable work and benefits. How gig work subjects workers to technologically enabled inequality and a faulty social safety net. Industrial automation and the elimination of millions of blue-collar jobs. The sharing economy and how it downgrades the value of labor in the United States. The deterioration of the traditional concept of career is particularly concerning. Financial defense now is critical to prepare for a future of disparate employment, declining pensions, and deterioration of the traditional concept of career.” Beyond the many of the benefits financial independence brings about, fear of this change is an equally motivating factor to pursue financial independence. In the original post I wrote, “ will cover the shifting nature of work brought about by technological disruption. ![]()
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