Google, Nissan, Ford, GM, Toyota and others are all working on driverless vehicles. And the author of this article is all enthusiastic about how much money will be saved by getting rid of chauffeurs, truck drivers and the like. But not a thought of how we’re going to find new jobs for all the people who will be put out of work.
It’s a classic case of externality. Google will make a gazillion dollars, but the side effects won’t be their problem — they’ll be OUR problem.