One typical reaction to all new technology are fears about economic change – self driving cars are no different. As companies such as Tesla push the boundaries of autonomous vehicles, worries over job-loss in the transportation sector increase.
Writing for MSN Auto, Kyle Cheromcha addresses what appears to be a pretty credible fear about job loss in transportation due to future us of autonomous vehicles; potentially as high as 300,000 jobs a year according to a Goldman Sachs report. This number includes truck drivers, taxi drivers and bus drivers. The same Goldman Sachs report also notes that freight transportation may take the biggest hit because of the hard demands of the job.
While the report accounts for the snails pace of bureaucracy and red tape, it estimates that by the end of the next decade twenty-some percent of new cars sold will be autonomous.
Driving jobs account for 2% of the job market in the U.S., however the Goldman Sachs reports notes that the labor market should be able to absorb and retrain these workers. None-the-less, those working in the commercial driving sector are not likely soothed by this fact.
What do you think? Are autonomous commercial vehicles a good idea?