/biz/ - Business & Finance

What do you mean? This is progress, it’s not their fault there’s too many people in the world nor is it their responsibility to employ them.

>>16558965
What happens when tractors replace farm workers? One tractor can do the work of 200 men! Over 90% of the population works in agriculture! Surely this is the end of days... we can't allow farmers to hoard wealth, the government should make tractors illegal so people don't lose their jobs.

>>16558965
>t. Actual logistics engineer.

If people actually realized that it's the brokerage that siphons off 80% of the revenue in this business and that they are as reckless as high leverage wall street brokers, we will see the industry absolutely implode as it did on 2008.

I'm already starting to see large declines in line haul volumes nationally. Some of which for even volume planners that have been in the industry for decades have not seen.

Trucking industry is going to absolutely be fucked. Large exodus of individual carriers into larger 3PL's and private fleet. What most people don't realize is that it's not going to be the trucking side that absorbs this, it will undoubtedly be extended to the cost on the customer.

>>16558993
How much of that decline is oil and LNG?

>>16558993
Great...

>>16558965
Trucking is one of the extremely few careers left that can provide a middle class income with no college degree.

When trucking gets automated all of those would-be truckers will be forced to get college degrees instead. College degree inflation will become even worse than it is now. Fun.

>>16558965
This is decades away from happening

>>16558965
i member when dey terk er jerbs

>>16558965
>What happens when people with undesirable genetics procreate more than those with desirable genetics and their offspring are unable to learn skills and find jobs that advance humanity in a meaningful way?

>>16559235

3rd world trucking is booming. Move to west africa with pre 2010 used trucks. On average 2k profit per trip.

>>16559319
>d trucking is booming. Move to west africa with pre 2010 used trucks. On average 2k profit per trip.

*drivers cut factored in. You'll make you're investment within 3 months if you learn how to handle niggers.

>>16558993
Can someone translate this

>>16558965
i think you mean what happens when people realize they had completly pointless jobs and did nothing meanwhile to better their situation

>>16559336
Trucking is an incredibly vulnerable industry. Many small/medium sized trucking companies are over leveraging their brokerage to pay for their overly aggressive expansion with larger docks/warehouses. Once this "Boom" stops, which is largely starting to show with the sudden slowdown over the last month or so. That profitability that carriers are funding their business with in the brokerage will no longer be able to pay for the stupid levels of expansion they are financing.

If you're literally fucking stupid, basically the one thing that's financing these companies is stupidly fucking huge amounts of debt, which is being financed by brokerage that once the industry shows any sign of weakness will implode. How do you pay for massive over leveraged corporate debt with your main income stream neutered? You don't. Then this failure bankrupts the company, and the bank gets fucked for being retarded and taking on this loan.

>>16558993
thank you for this valuable input anon, which companies should we short?

>>16558965
many states will not allow automous vehicles without a driver. it will get very comfy for truck drivers

>>16558965
Hopefully Link moons by then. If not, I'll go on unemployment until I figure things out.

>>16559332
You should learn how to handle your mouth you F-ing racist! You basement fag need to get out into the world a bit and change your attitude as fast as your mom changes your bed pans cause you can’t fucking get away from the comfort of your own gaming chair and the safety of annonymity you gargler....

>>16558965
I don't care.

>>16560296
Probably should when every business on the planet (including internet ones) relies on these services to function at any capacity. A collapse in this industry just means the costs of daily goods increases tremendously.

>>16559303

You are on 4chan

>>16560290

Fuck niggers

>>16559235
Is it? I worked manufacturing for a few years, and almost every trucker that showed up to take a load was a foreigner, apparently they're driving trucking wages down.

>>16559235
>College degree inflation will become even worse than it is now.
College degree inflation is going to go up regardless as there's literally nothing preventing people from applying. There's no shortage of loans and people generally aren't risk takers to go against societal norms and do something different, i.e. not go to college.

>>16559976
how will that affect the wages though? presumably the job will be easier and require less qualification

>>16558965
Enter Opiates

>>16560290
fuck niggers

>>16558993
>If people actually realized that it's the brokerage that siphons off 80%
So you’re saying being a freight broker isn’t a meme. Can I actually make it brokering freight?

>>16558993
>>16559417
>>16560317
Logengr anon, are all the zerohedge articles accurate? Apparently the largest carrier in USA went bankrupt last week and thousands instantly without job, and they even shut off their credit cards so they're stranded
https://www.zerohedge.com/markets/largest-truckload-carrier-bankrupted-leaving-3000-truckers-jobless-many-stranded-highways

>>16558989
The agricultural revolution was a disaster for millions of people. They were forced to uproot from where families lived for generations, move to the cities, live in diseased slums, and work virtual slavery 16 hours a day for mere pennies while the mega-rich of the time got richer. But surely this time is different!

>>16559417
So OPERATION: OCCUPY TRUCKSTOP

Trucker here. Good luck getting a truck to do my job. I guess I could be replaced by some pajeet for reduced salary though. Regardless I will be out of this career before automation is a thing. Any good trucker should be as this job can easily pay you 6 figures.

>>16558965
>what happens when cars replace the horse and buggy, this is going to have a serious freaking impact

don't be scared of technology it always makes things better luddite

>>16560317
I still don't care. The US economy needs a good shakeout.

>>16558965
We hire more Pajeets to makework PowerPoint jobs and let all the white people die off and then let the country continue to be run into the ground by women of color.

>>16558965
What happens when finance is automated, when 6 million working americans lose their jobs?
This must have a serious fucking impact.

>>16558965
It will just be a slow decline. More drugs, more suicides, more death by vice, more prostitution, more crime. The US has a culture of crime, outlaws are celebrated. America may do well for the next ten years before automation really kicks in. The America decades into the future will look kind of like Judge Dread, a wild west narco crime dystopia.

>>16560936
If you're some incel wagecuck bank teller you're fucked but traders will exist forever

>>16561388
they wont tho, maybe couple thousand people in the whole world, but other than that, EVERYTHING finance related will be handled via AI and algorithms, no need to pay shitty labour

>>16559235
Oilfield will soon be all that’s left

>>16561443
No one forces you to trade for someone else. How do you automate retail investors/trading you telling me all the free brokers are gonna go away?

>>16558993
>>16559417
>>16560317

t.britfag here

Is this a problem specific to the US trucking industry or is this an international issue?

I remember on the news a few weeks ago it was announced one of our largest and oldest trucking companies, Eddie Stobart was on the verge of collapse.
They were saved shortly after by a private equity company or something extending them a loan that'll keep the lights on until Q1 next year. But at some absurdly high interest rate.

>>16561556
99% of all finance-related jobs are just accounting and tax/summing up the margins if the company is making profit, with AI and algorithms we eliminate EVERY single job of that kind.

>>16558965
Technological improvements are only beneficial for the economy in the long run. Productivity is increased and costs are brought down. Automation will only bring about jobs in other industries. Pick up a book for once.
Sure, it's a tragedy in the short term for those people who lose their profession. But they can retrain or find work elsewhere, in industries that are now expanding.

>>16558965

How about asking the thousands of people who made sliderules before the calculator came along.

>>16558989
imagine being this retarded
read up on what happened
huge transfer of wealth from middle class to richfags
advent of wagecuckery (extended working hours)

>>16561631
>huge transfer of wealth from middle class to richfags
Wealth transfer came about due to government expansion and inflationary monetary policy. It had nothing to do with technological innovation and increase in productivity.

>>16558965
is that a Jay Masters rare pepe?

>>16561641
government expansion and inflationary monetary policy are enforced by technology
I'm not saying let's burn down all the machinery now, but tech advance definitely augments gov control

>>16558965
Capitalism haha, I helped design autonomous mining trucks in wa. My thoughts are if your job can be replaced by a robot, then you deserve to lose your job. Robots still have so far to go, they are pretty basic in their logic, but they don't: take smoko, have to sleep, have off days and they are far superior communicators synchronising their runs instantaneously. I look forward to a world where the stupid are made redundant

>>16561617
>all these sub 100 iq niggers, spics and white trash methheads will just learn to be robot repair technicians, programmers, or lawyers when their service job gets automated
If this is the attitude people have we deserve whats coming.

>>16559332
is it really this easy to make it?

>>16558965
>What happens when trucking is automated, when 3.5 million working Americans lose their jobs?
>Americans
They'll go back to Mexico.

>>16561793
most new truckers are from hindustan these days

>>16561753

Have you seen the outcome stats on technical retraining programs for former blue collar workers?
They're abysmal.

>>16558965
Half of those are foreigners that shouldn't be here on gray area travel visas or Canadian "citizenship". The whites and white-ish normally came from another trade or have some previous skills (welding/fab/oil rig/warehouse/etcetc). You'd be surprised how many dudes I know that quit office wagecucking for this, or got some meme degree and chose driving over Starbucks.

Not that it will ever happen while women and niggers are allowed to drive cars, but the only people that will actually be fucked are old ass boomers that shouldn't be physically allowed to drive/should've retired 20 years ago.

The sandniggers and mexicans already scam welfare and will revert to that full time. The whites will just take back your redditnigger "job". Only one group suffers in this senarrio; the people that spend their days dreaming of finally getting to lord over those mean truckers that cut off my prius covered in goy wars stickers.


Of course this is all a teslaqueer daydream because in reality smart contracts are going to no lube your dumbass makework diversity position of pretending to work on spreadsheets all week, while doing 30 minutes of easily automateable excel imputs.

What gets phased in first? The million dollar semi (x4 million trucks), and billions of required new infrastructure to support it...or a blockchain AI/ML neural net that can replace any job where a human uses a computer all day, not including the 50-80% of dead weight that can be replaced tomorrow with basic trustless execution business agreements.

>>16561738
Be careful what you wish for. Idle young men don't stay idle for long. All you retards that think automation is funny won't be laughing when it's your formerly employed family members shooting fentanyl on the street and killing people for small ammounts of money.

>>16559319
>stopping your truck means getting mugged, killed, and dismembered
pass

>>16560793
>"everything is exactly the same as last time"
>le luddite reddit meme

>>16560367
>he thinks he's on 4chan
check your address bar you poof

>>16560290
Back to plebbit you fucking retard

>>16560290
And then there’s THIS faggot.

>>16561884
I doubt very much this is likely to happen because of automation.

>>16560706
How rustled are you that you and your thick as shit ideology from 150 years ago has not only been comprehensively rejected by the proletariat, but also by the proles in the United States when Trump marches to victory next year?

Can people like me who are studying mathematics and machine learning still belong to the middle/upper class once the automation/AI revolution starts, or will we be fucked too?

>>16562219
Retard you are looking backwards. Automation will also create millions of jobs

I'm a truck driver. it will make my job easier. Someone will still have to be in the truck to babysit it or even throw chains on it during the winter. dont get me started on all the jobs that require the driver to unload the trailer themselves. I imagine the driver will play more of a mechanic role when that time comes

>>16558965
Capitalism will have literally no answer to automation and scientific advancements. Like >>16560706 said, urbanization will just continue and low-skill wagecucking will explode in supply, while demand will shrink to even lower than it's current pathetic levels.

Reminder that capitalists HATE job demand, and will do anything to flood the west with brown people to jack up supply to gargantuan levels.
>inb4 commie
No, NatSoc

>>16562263
How, it only takes a few engineers to design a system that automates thousands of jobs. Are you referring to le >someone has to fix the machines argument? I don't want to be a mechanic or a maintenance monkey.

>>16558965
stock market goes up

>>16562180
I failed to see which part of his post was commie. Urbanization is a fact of life and isnt a partisan issue you mong

>>16559319
>>16559332
whoa lad this sounds interesting
where do I learn more

>>16562219
Were literally all fucked except for wall street, banks, and Bezos.

>>16562290
my old man has been a longshoreman since the mid 80's and always said if i wanted to get into the union it would be best to become a mechanic as the controlling(driving) jobs are being automated but still those machines will forever need to be repaired, upgraded, and continually deployed to meet demands of a faster paced port

https://www.youtube.com/watch?v=k-YLAYH-vtU

>>16560475
truckers need a class A license to drive it incase of failure. qualifications remain the same. demand stays the same. supply might increase cuz neets can shitpost while driving

Looking into shrimp farming as an alternative

>>16562315
and they will create machines that fix other machines and themselves, thus defeating the need for humans

People ITT fail to realize that just because the tech exists doesn't mean it's instantly adopted. I've been working in an industrial environment for a decade and can tell you that companies pinch pennies when it comes to their operating costs. We are still decades out from fully functioning self driving vehicles, let alone adoption. I find the irony funny that the same desk jockeys that preach automaton is the future are going to be replaced by advanced AI before the common factory worker or delivery driver.

>>16562418
you don't think employers will think to themselves
>our truckers are doing less work, we should pay them less
just playing devil's advocate

>>16563344
I've worked manufacturing too, and I think a lot of people overlook the human eye that is needed at least periodically in the process of making physical objects.

What happens when automation get automated, when 1 zillion working Americans lose their jobs?

>>16563523
We will just end up some fat blobs hooked on cocaine and orgasms.

>>16563523
what happens when automation puts the robots out of work

>>16563625
So business as usual?

>>16560290

Get fucked you nigger. Literally enslaved by every race that came across you.

They'll take whatever they can from you as long as you stay you passive and obedient. The market is optimized to make you suffer just under the threshold of radicalization.

>>16562369
Are you that 18 software dev?

>Research a country
>visit said country and see how it functions.
>Research market
>buy permit
>Buy/ship trucks (auctions)
>Profit???

>>16561784
Yes brah. You can easily 3x starting capital in a year.

1 truck/bed + permit = 15k USD max.

1.75/trips a month. 2k profit/trip. Work 12 month in a year (you'll have a bunch of free time inbetween, use this to trade shit coins and do general self improvement).

>>16562219
You'll be caught, plugged-in, your mindstate holographically exported, and then released into a wildlife preserve with the other humans.

>>16558965
As boring and irrelevant as reading about horse carriages in the advent of the automobile is for modern day readers. Wake me up when the military is automated.

>>16560706
ultra kek

>>16562180
okay mr. goldstein, imagine loving suffering so much you try to paint the other team as responsible for your shitty ideology (i love capitalism NOT wageslaving)

>>16558965
collapse, then keynes and marx become relevant again

the trucks are automated, but not driverless. the trucks still need operators. cargo needs maintenance, safety requires a human in case of accident, police need someone to talk to, tires blow out, brakes fail, etc

if anything, the drivers are just going to have an easier job

>>16564308
For now. All those things can be automated as well. Freight can be monitored with numerous sensors, crashes can be detected remotely and reported, on board cameras can take perfect account of any accidents. After awhile the superfluousness of the guy on board will be obvious, and the cabin will be removed.

>>16559976
the "allowed on the road but only with hooman in the cabin" is a kafkaesque administrative limbo between automation and no automation.
It won't last pissing time, don't plan on autonomous truck watcher being a career, there'll be a few on pilot projects during adoption phase, but no company is going to roll out that tech and pay for it while still payings plebs to sit in the cabin