@july

Most people (i.e. average person) aren't really going to care about this stuff. It's more that owners / companies (and their investors) in general will benefit tremendously this (almost disproportionately so). The need to hire will decrease, so you will be able to do more with less people, and capital becomes less distributed to an increasingly smaller and smaller group of people. Take taxi -> uber / lyft -> waymo for example. When taxis existed, the revenue went internally to medallions, or drivers themselves in the place where the service was deployed. Then uber came along, and it was deployed to a city, and uber would take a cut, and that capital would be distributed to employees / investors of uber + the drivers who lived in the communities of people that they were serving. Now with Waymo, there isn't even a payment to local drivers, it's all going to be distributed towards employees / shareholders of Waymo. And most of them are in SF Bay Area, so it's going to increasingly enrich SF Bay Area, in a way.

7 replies

4 recasts

53 reactions