Autonomous Taxis May Have The Most Impact On GDP Of Any Innovation In History

Did you know that the cost-per-mile of a personally own vehicle had stayed at $0.70 per mile since the Model-T Ford? The argument from this research piece from Ark Invest (download the PDF here) is that automating transportation will radically reduce this cost, with profound implications for freight, mobility, consumption, safety and time. What might the cumulative productivity gains be if we convert the billions of hours of commute time to actual add value endeavour - or better yet, give it back to the people so they can do non-market stuff like looking after family and building community? Fascinating brainfood. H/T to brainfooder Trevor Vas for the share