![]() The landscape of transportation will evolve into a digitalized data-derived platform that is accessed and controlled through smartphones. Just imagine if you can take a virtual painting class in a self-driving car and spend the commute hour painting canvases or you can walk into a mobile store and shop for new shoes on the way home, how cool would that be? When we have more time on our hands, it gives us more opportunities to do the things we love to do, either a hobby or spending time with the family. Parking problems will either disappear or become more systematic, saving us both time and money. McKinsey estimates that the time saved everyday by driverless cars globally could add up to as much as one billion hours. If the car is driving itself and we do not have to pay attention to the road, we can utilize the travel time to be productive or to just take a nap. People will start traveling more on the weekends and during vacations, boosting tourism trade. The need to build new houses, schools, restaurants and shopping complexes will soon start springing up in these areas, opening up new jobs in construction, retail and management. To avoid the soaring prices of real estate in urban cities, people will start moving to the suburbs. Here’s how… The rise of self-driving cars will make long driving commutes much easier. Self-driving cars are not just going to save lives, they are also going to contribute to economic growth. The trillions of dollars generated in revenue will comprise of all these functions and jobs. The list of opportunities runs very long. Marketing guys will have an additional channel to push advertisements. If they carry display screens and something goes wrong with them, they have to be fixed. These vehicles have to be cleaned, inside and outside. These are just a handful of the jobs that will be created when fully autonomous cars take to the roads. For this, we need resources to manage the fleet, to design great user experiences, develop new services and apps, integrate existing apps and services, build smart cities with connected road infrastructure, create and maintain ride-sharing services as well as on-demand insurance services, refuel or charge the vehicles, maintain and repair vehicles as required and focus on safety with remote operators and emergency services. We not only have to build and scale autonomous vehicles, we also have to ensure that they operate properly and give customers a great user experience. What does that ecosystem look like? The illustration below gives us a brief idea. ![]() There is an entire ecosystem that is being built around them, resulting in a broader scope of jobs. But the jobs do not just end with the vehicles. The evolution of traditional vehicles to software-defined vehicles has driven the need for software engineers, data scientists and experts in artificial intelligence, in addition to the jobs related to vehicle manufacturing. Yet, fully autonomous vehicles will create a $7 trillion-dollar industry. What will happen to the jobs of these human drivers then? They will disappear. Why? To eliminate the human resource cost and make higher profits. However, these companies are on a mission to replace human drivers with autonomous vehicles. Ride-sharing companies started with part-time drivers, but today in addition to that, there are thousands of people who quit their jobs to drive on a full-time basis. ![]() Self-driving cars are on the horizon and the concern of endangering about 4 million jobs is increasing.
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