There
are over four million truck, taxi and Uber drivers in the U. S. Who
will pay for their sustenance when auto-drivers take over? Neither
the Obama administration, the incoming Trump team or the congress
appears to have a clue about the oncoming fracturing of the present
model. The frustrated working classes are the initial victims of the
trend and Trumpism, Brexit, nativism and other populist movements
are the result of that frustration.
Recently
a friend reassured me that the market system could cope and used the
buggy whip to autos example. Problem: Both of those industries were
labor intensive and only required a redirection of that labor.
Paul
Hunter
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