3,500,000 Jobs Might Be Wiped Out - What You Need To Know | Summary and Q&A

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November 17, 2017
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Minority Mindset
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3,500,000 Jobs Might Be Wiped Out - What You Need To Know

TL;DR

The rise of autonomous cars will disrupt the driving industry, impacting ride-sharing apps, trucking companies, and shipping companies.

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Questions & Answers

Q: When are self-driving cars expected to be available in the market?

Ford aims to have fully autonomous cars ready by 2021, while Volkswagen plans to launch them by 2019. GM is already mass producing self-driving cars.

Q: How will autonomous vehicles impact ride-sharing apps like Uber and Lyft?

With self-driving cars, ride-sharing apps may eliminate the need for human drivers, resulting in the loss of hundreds of thousands of jobs in the US.

Q: What opportunities do tech companies see in the trucking industry?

Companies like Tesla, Uber, and Google are investing in autonomous driving start-ups to tap into the potential cost savings of replacing human truck drivers.

Q: How are shipping companies adapting to the rise of self-driving vehicles?

Domino's Pizza, for example, is partnering with Ford to develop self-driving and self-delivering pizza cars. Shipping companies are also exploring ways to utilize self-driving vehicles for package delivery.

Summary & Key Takeaways

  • Self-driving cars are expected to hit the market by 2021, with Ford, Volkswagen, and GM leading the charge.

  • Ride-sharing apps like Uber and Lyft will likely replace human drivers with autonomous vehicles, potentially affecting over 1 million drivers in the US alone.

  • The trucking industry is also preparing for autonomous vehicles, as tech companies like Tesla, Uber, and Google invest in start-ups to develop self-driving trucks.

  • Shipping companies such as UPS and FedEx are exploring ways to use self-driving vehicles to deliver packages.

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