Are autonomous vehicles going to "eclipse every other innovation our society has experienced"? Will they will destroy the economy and take your jobs?
Blogger Zack Kanter thinks so. Rather than arriving slowly over the coming decade or two, he predicts that self driving cars will be commonplace in less than 10 years, sweeping into the marketplace through surprisingly rapid customer adoption and enabled by ridesharing software the likes of which currently is powering Uber’s meteoric rise.
It's not just a disruption of the transportation system he's contemplating.
Currently automobiles require a massive underutilization of capital, commuting hours, parking and garage space, insurance premiums, etc. All that adds up to great incentive for customers to embrace smart cars as soon as they can.
He even predicts that the rapid shift to smart cars will bankrupt most major automakers by the year 2030, replacing them with disruptive new competitors like Tesla and fleet operators like Uber.
And, that the introduction of autonomous vehicles will quickly eliminate the human jobs that currently power large sectors of the automobile and transportation related industries.
The post shares estimates of how the rise of smart cars will negatively impact car dealerships, delivery services, trucking, insurance companies, rental car companies, meter maids, and hopefully even traffic accident ambulance chasing lawyers. By "negatively" he means 10,000,000 jobs lost...
Wow - a lot of this may sound like hyperbole, but the heavily footnoted article is full of excellent statistics and research notes.
Highly recommended to anyone who wants to catch up with the rapid advancement of the self driving vehicles industry. Thanks, Zack!