Shutterstock photo It is interesting to ponder the economic affects of autonomous (self driving) vehicles. A recent study claims by 2030 " the average American family will save more than $5,600 per year in transportation costs, equivalent to a wage raise of 10% ."
The study is fairly exhaustive listing many economic impacts – with well over half the impacts relating to job losses and oil sector demand reduction. Even many of the positive affects are double edged – such a productivity improvements which are good for business but not good for employment (all things being equal). One can argue […]
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