Self-Driving Cars Likely Won't Steal Your Job (Until 2040)

The self-driving robots are coming to transform your job. Kind of. Also, very slowly. From a report: That's the not-quite-exclamatory upshot of a new report from the Washington, DC-based Securing America's Future Energy. The group advocates for a countrywide pivot away from oil dependency, one it hopes will be aided by the speedy adoption of electric, self-driving vehicles. So it commissioned a wide-ranging study by a phalanx of labor economists to discover how that could happen, and whether America might transform into a Mad Max-like desert hell along the way. The news, mostly, is good. For one, self-driving vehicles probably won't wreck the labor market to the point where gig economy workers are hired out as mobile blood bags. In fact, they'll eventually feed the economy, accruing an estimated $800 billion in annual benefits by 2050, a number mostly in line with previous researchers' projections. Two, robo-cars won't disappear the jobs all at once. "We have a labor market characterized by churning -- continual job creation and destruction," says Erica Groshen, a visiting labor economist at Cornell University and former Commissioner of Labor Statistics, who worked on the report. "The challenge is to make the transition as smooth as possible."