An article in the Los Angeles Times about driverless trucks
stated, “Trucking will likely be the first type of driving to be
fully automated—meaning there’s no one at the wheel.” The
article added that there is a financial incentive for automating
trucks because “trucking is a $700-billion industry, in which
a third of costs go to compensating drivers.” How are driverless trucks likely to affect costs to businesses of transporting
goods? How are they likely to affect the short-run aggregate
supply curve and the long-run aggregate supply curve?
Source: Natalie Kitroeff, “Robots Could Replace 1.7 Million American
Truckers in the Next Decade,” Los Angeles Times, September 25, 2016