3 ms·
The trucking industry was massively deregulated in 1980, opening up pricing competition and making entry into the industry easier. While this was likely as net
by alistairSH 5y ago
The trucking industry was massively deregulated in 1980, opening up pricing competition and making entry into the industry easier. While this was likely as net positive for society (lower prices), trucking wages have been on the decline ever since.
https://en.wikipedia.org/wiki/Motor_Carrier_Act_of_1980 https://en.wikipedia.org/wiki/Motor_Carrier_Act_of_1980
- missedthecue 5y agoBy "deregulated", this doesn't mean safety standards were eleminated, which i think is how many would interpret this. Instead, it ended price controls, competition barriers, vendor cartels and so forth. The Carter administration also did this to the airline industry which made flying affordable to the average person. Tickets today are cheaper than they were in 1970. https://www.theatlantic.com/business/archive/2013/02/how-airline-ticket-prices-fell-50-in-30-years-and-why-nobody-noticed/273506/ https://www.theatlantic.com/business/archive/2013/02/how-air...
- alistairSH 5y agoWould they? Deregulation in the Reagan era was largely about competition. AT&T, airlines, trucking, etc.