US Department of Transportation Gives Their Blessing To The Self-Driving Car Industry

The federal government released a 15-point safety standard Monday for the development and design of autonomous vehicles.

The new guidelines on Monday, which stopped short of official regulations, targeted four main areas. The Department of Transportation announced a 15-point safety standard for the design and development of autonomous vehicles; called for states to come up with uniform policies applying to driverless cars; clarified how current regulations can be applied to driverless cars; and opened the door for new regulations on the technology.

Source: NY Times

This bodes well for Tesla investors as the company has a major lead in self-driving cars, with thousands of them already on the road.

It helps Uber and Lyft also, who have their own trade association devoted to swaying the opinion of autonomous cars down in Washington.

Back in January 2016, General Motors invested $500M in ride-share company Lyft.  The dollars were earmarked for autonomous cars.  It appears some of those dollars made their way into bureaucrats pockets, enough to keep the industry blessed of our leaders.  Overall a net-positive.

The downside of driverless cars gaining acceptance is the massive loss of human jobs that is sure to follow.  Taxi drivers, truck drivers, and delivery people will all soon face the cold reality of innovation–modern society has no work for low-skilled humans.

Those are robot jobs.

If you think your job is at risk of being automated, now is the time to adjust.  Develop a new skill.  The vanity industry will always need humans.  Sales.  Writers and musicians.  And most importantly robot overlord.

You can either embrace innovation, or feel its inevitable whip.

Autonomous cars are coming soon, and thanks to the Department of Transportation, roads will be filled with driverless cars without a messy patchwork of state laws and regulations.

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