Uber’s ban in London has created quite a stir. Almost 800,000 people signed a change.org petition to make the government accept Uber. Nearly 40,000 jobs are in jeopardy and nearly 3.5 million London citizens use Uber to commute on a daily scale.
Uber is looking to discard all these drivers in preference for autonomous cars.
Uber has made strides related to the same where last Thursday it revealed about a patent application related to overseeing several vehicles which dont feature drivers at all. It is associated with an autonomous vehicle communication configuration system to facilitate the same.
An analysis published by UBS noted that irrespective of any transportation system be it public commute, private cars or even Uber, the biggest expenditure is associated with the person driving the vehicle.
Almost daily $24 is associated with private car riding. In the future of automated cars, the need of car is no longer valid and the expenses fall by a considerable margin. The users can make up to 10,000 KM per year on rides and they can conserve €5,000 per year.
These automated cars will compete with the existing mass transit systems and the progress made regarding the same will be associated with effective services provided by platforms, sophisticated fleet optimizations, and the intensely vying market as well. These serve to mitigate the fare of riders availing “robotaxis” by almost 80% when compared with an on-demand ride at present.
An Uber ride which is priced at £10 today will be cut down by a considerable margin in some years as noted by UBS. The cost associated with driverless cars will be kept to a minimum where the scenario of free rides is possible as perceived by UBS.
It looks likely that Uber will tackle the ban and resume its functioning without any hindrances. The looming threat associated with the Uber drivers stems from the brand itself and its scheme to be rider free.
The threat is not associated with the 40,000 Uber drivers alone. Every job where there is the need of a human riding a vehicle will face dire consequences in the next 2 decades. Google and if some say Apple is some of the brands behind the concept of driverless technology. To be affected in addition is not the driver base alone but every job which Artificial Intelligence can carry out with a low cost when evaluated with a human.
Related to this Morgan Stanley noted that the annual salary of a overseen financial brand IT operations employee in New York will be $ 70 to 80,000.
The yearly license fee for making a robot to do the task of 5 humans ranges from $ 8000 to 11,000.
Further estimated is that in the US and the European nations almost 90% of the factory jobs and half of those associated with office jobs could cease to exist.
Artificial Intelligence serves to threaten jobs associated with cognitive skills for upto 40% and half of the white collar jobs in the associated nations are at risk.
In the middle of this shocking news, the only area which sees growth is coding and programming.
Brands want to assimilate more skilled workers to do their bidding. Even the novice coders are associated with a starting salary of $ 60,000 which is set to rise. There is nothing to be said about the advantages of skilled and experienced coders.
The automated vehicles will need people to code the software to run the vehicles in a similar way how currently people are employed with the only skill set of knowing emails. The value of coding will take top priority in the future.
The Uber ban in London serves to emphasize that the next generation must be taught about coding as a consequence.
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