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May 28, 2017

TRUCKERS COULD SEE JOB LOSSES * USA: Report

* New York - Self-driving cars could cost America's professional drivers up to 25,000 jobs a month, Goldman Sachs says

--- According to a new report from Goldman Sachs, when autonomous vehicle saturation peaks, U.S. drivers could see job losses at a rate of 25,000 a month, or 300,000 a year... Truck drivers, more so than bus or taxi drivers, will see the bulk of that job loss... The report estimates that semi- and fully autonomous car sales will have about 20 percent share of car sales around 2025 to 2030... To be sure, the report estimates that the full effects of self-driving cars will be delayed by regulation and slow adoption. The report as a whole strikes an optimistic tone on the future of the labor market, noting that many different employment and productivity measures in the United States do not show massive disruption from labor-replacing technologies... The report said. "More fundamentally, we suspect that several of the skills central to those sectors — including empathy, humor, creativity and problem solving — are hard to codify and automate" ...
(Photo: Beware of self-driving vehicles, truck drivers) -- NY, USA - CNBC.com, by Anita Balakrishnan - 22 May 2017

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