"Self-driving trucks will be great for the G.D.P. They’ll be terrible for millions of truck drivers."
Language matters. Someone who earns a living today driving a truck does not have the right to earn a living that way in the future if the market changes. Self-driving trucks are not "stealing" something from him. We all need to adapt as labor markets change.
The current unemployment rate is 3.6%, near a record low. Unemployment can be kept low by reducing labor market frictions and removing disincentives to work. We don't need a massive federal handout such as a Universal Basic Income, funded by people who are working.
Language matters. Someone who earns a living today driving a truck does not have the right to earn a living that way in the future if the market changes. Self-driving trucks are not "stealing" something from him. We all need to adapt as labor markets change.
The current unemployment rate is 3.6%, near a record low. Unemployment can be kept low by reducing labor market frictions and removing disincentives to work. We don't need a massive federal handout such as a Universal Basic Income, funded by people who are working.