How Driverless Cars Affect The Economy

613 Words2 Pages

Driverless Cars: How Will They Affect the Economy? With driverless cars becoming more and more of a possibility in the near future, it has brought up questions about how it will affect our economy, as well as the jobs of the public. Uber drivers, truck drivers, cab drivers’ jobs are at risk along with the companies that provide them. Many industries may also be affected. There are an approximate “1.8 million heavy and tractor-trailer truck drivers in the U.S. earning a median income of $40,260 per year” (Bureau of Labor Statistics). 1.8 million people may seem like a small number compared to the 318.9 million individuals living in the U.S., but it will have a large effect on those drivers when they have to find a new job to support themselves …show more content…

In an article that appeared on CNBC.com, “According to the 2014 Census data, there are more than 4.4 million Americans aged 16 and over working as drivers, and the vast majority of those are men are categorized as "driver/sales workers and truck drivers" (Fahey). Uber is a company that has many drivers working for them out of the 4.4 million and it is at stake if driverless cars are going to play a part of the future. "’The reason Uber could be expensive is because you're not just paying for the car — you're paying for the other dude in the car," says Uber CEO Travis Kalanick’” (Fahey). If you were to take the Uber driver out of the picture since the car is driverless, the cost of the ride would go down because you would only have to pay for yourself and not the one driving you as well. This change would cause Uber to lose half of their income due to receiving half of what they would usually make before driverless vehicles were in the picture. Another negative outcome of driverless cars is that some police officers may be laid off because there’s no need for a lot of them if these cars won’t be speeding or drunk driving. But fortunately, there will be fewer

More about How Driverless Cars Affect The Economy

Open Document