(Courtesy of International transport forumI am not asking us to let go of the workers trapped by the transition. Immediately, we will support and assist workers who do nothing that could cause loss of income and their careers. I’m not an expert in labor theory, but I do know that in a future where all kinds of automation will replace jobs, we need to make it easy and safe to have one. Diverse income streams, a key to personal resilience. Easy: hire and work part time. Safety: all benefits – social security, paid vacation, disaster insurance, health care – keep track of a worker regardless of the number of hours he or she works. And we must eliminate loopholes that allow employers to pretend that those benefits apply only to full-time employees, regardless of configuration.
A Do-Over Capitalism. Productivity gains were once a sign of improved living standards and improved quality of life, but automation leads to increased productivity without jobs. Self-driving cars will be the ultimate example of this: AV will likely be used effectively and generate revenue about 65% of the time, compared with 5% of our personal cars. No one can deny that the productivity is being enjoyed greatly. But with so few associated workers, who gets it?
As an entrepreneur, I appreciate the hours and years of effort spent building these AVs: new IPs, years and huge costs without any sales to show for. it. But I also understand that this is a huge market (trillions of dollars worldwide seems reasonable), and that the marginal cost of running the software for each of those trips will be close to zero. We need to ensure that we deliver this new wealth, by closing loopholes on corporate taxes and taxing assets and platforms more efficiently.
As we lose more jobs, the need to change opens the possibility of a more equitable system, one that minimizes income inequality. A Bureau of Labor Statistics Research predicted the probability of losing an automated job to be 83% for workers earning less than $ 20 an hour and 34% for an hourly job of 20–40 dollars. In the new world of automation, is labor tax really justified? It makes a lot more sense to tax new technology platforms that are making profits and tax the wealth of the few talented and lucky ones who have founded and financed feats. This new unemployment.
In a world where machines do most of the work, it’s time general basic income. This will distribute the returns from productivity and give more people the opportunity to focus on purposeful work, following passion, allowing the next generation of ideas and technologies to emerge faster.
How we deal with AV-induced job loss will be a paradigm for how we respond to automation throughout the economy. It could even be that the flood wiped out a system that no longer served people.
Remember, This will happen. While a city, state, or country may try to slow it down, many other cities will move forward to lead the way. No matter how long the war and the transition, we will eventually choose to self-drive cars that can avoid 38,000 traffic deaths in the US, 1.25 million deaths worldwide. and tens of millions of people were seriously injured, with all their associated suffering and medical expenses. That in itself is a worthy reason to apply. But with the right plan, we will expand that downside to include better cities, a livable planet and a future that serves us all. In the future, as some business people look out for the city of Dearborn, Michigan or New York, I want them to happily reflect on how a hundred years ago people seized the opportunities brought on by self-driving cars to curb the tyranny of single-person vehicles and the domination of cars in cities, to distribute the fruits of automation and to tackle climate change.
All by keeping our hands off the wheel.