Geo

Job displacement is real concern. We are only debating the timelines, and what jobs these individuals will eventually be trained for. The three categories below represent ~20% of the American workforce. The majority of these jobs will be gone in the next decade. I know this because the founders of companies in this space have pitched me for over 10 years and explicitly stated that this is their goal. I'm not a doomerist or a decel. I'm simply pointing out the absolute hypocrisy of our industry when we claim that this displacement is "overhyped." 1. For every factory robot deployed by @Figure_robot (valued at $30-40B for a reason!), we will retire six factory jobs. The robot will cost $1 an hour and run 23.x hours a day. The factory workers would have been paid $25-35 all in. ~9% of Americans work in factories and warehouses 2. For every @Waymo (valued at $50B with ~1,000 cars on road) deployed, we lose four full-time driver jobs (or eight gig workers). They will run at < $1 a mile eventually. ~8% of the American workforce works as drivers 3. The drive-through workers, cashiers and cooks are already being replaced by technology (and offshoring) in fast food restaurants. ~3% of the American workforce works in fast food.