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Train drivers are a small part of the cost of a train delivery. Truck drivers are a substantial part of the cost.
by minthd 11y ago
Train drivers are a small part of the cost of a train delivery. Truck drivers are a substantial part of the cost.
- cheald 11y agoYup. 3.5 million professional truck drivers at $40k income (+ $3,600 in payroll taxes + ~$12,000 in health insurance premiums + ~$2,000 in 401(k) matches) is $200b in annual costs that potentially go away. A huge portion of the cost of many goods is in transportation, and a large amount of that cost is human capital (as it is in any industry). Auto insurance rates will likely drop, as well. The supply-side effect of this is that goods will get a lot cheaper, and because robots can drive 24 hours/day, shipping gets faster and easier. Anything that isn't locally produced will become cheaper and more available than it is now.