Don Ryan / AP

The most convincing evidence promoted by automation doomsayers, who argue that we are about to enter an era of mass unemployment, are the roughly 4 million motor-vehicle operator jobs that are put at risk by self-driving car technology.

But Deloitte CEO Cathy Engelbert argues in Quartz that even though her firm predicts that "autonomous vehicle fleets will begin being introduced in 2020," and start doing the jobs of human drivers by the middle of next decade, we shouldn't be overly concerned about the impact of the technology on labor markets.

What today's truck and taxi drivers will do: Engelbert argues that self-driving technology will make getting around cheaper, leaving consumers with more money to spend that will support different types of jobs. These include aid work for the growing elderly populations and jobs in the new "mobility services" sector, with companies that manage fleets of autonomous vehicles, including logistics planning and maintenance.

Trucking's slow decline: Engelbert says that the long-haul trucking industry actually faces a chronic shortage of workers, and that self-driving trucking technology could help alleviate that shortage. "Since [self-driving] vehicles can operate for much longer periods without stopping, fewer total drivers would be needed, helping to alleviate the shortage. The jobs that remain could be less fatiguing and require shorter stints away from home (again, because the truck can operate almost constantly)."

Go deeper

1 hour ago - World

U.S.-Israeli delegation secretly visits Sudan

Photo: Artur Widak/NurPhoto via Getty Images

A joint U.S.-Israeli delegation traveled secretly on Wednesday to Sudan for talks on a possible announcement on "ending the state of belligerence" between the countries that could be released in the next few days, sources briefed on the trip told me.

The big picture: President Trump announced earlier this week he is ready to remove Sudan from the U.S. state sponsors of terrorism list once Sudan pays $335 million in compensation to American terror victims.

Felix Salmon, author of Capital
2 hours ago - Economy & Business

A white-collar crime crackdown

Illustration: Eniola Odetunde/Axios

America has waited a decade for an aggressive government crackdown on white-collar crime. Now, just before the election, and in the middle of a bull market, it has arrived.

Why it matters: When times are good, investors become more trusting and more greedy. That makes them more likely to put their money into fraudulent or criminal enterprises.

  • After a decade-long bull market, there is no shortage of those frauds to prosecute.
2 hours ago - Technology

Lawyers crystal-ball the Google antitrust case

Illustration: Eniola Odetunde/Axios

The Justice Department's antitrust suit against Google is a strong, straightforward monopoly case, competition lawyers and experts tell Axios. But that doesn't mean it'll be an easy journey for the government.

The big picture: Winning any antitrust case is a heavy lift. It's even more of a challenge to pull off victory in a future-looking case that seeks to make room for potential new competition to flourish.