Monday, January 27, 2014

A Railroad Productivity Miracle (Musical Tribute)

Click to enlarge.

The data in blue shows the annual inflation adjusted rail transportation corporate profits after tax (left scale, billions of December 2013 dollars).

The data in black shows the number of rail transportation employees (right scale, thousands).

It's almost like each additional boxcar on a train does not require an additional worker.

July 24, 2013
Forget the Google Car. The Future is Robotic Trucks.

Everyone seems rightly focused on the coming Google Car. But there are bigger changes lurking for a critical part of our transportation infrastructure: Trucks. And the 5.7 million Americans who drive them.

Source Data:
St. Louis Fed: Custom Chart

1 comment:

Stagflationary Mark said...

From the link in the post:

The crisis afflicting trucking companies today, who are short of capable drivers. Every single owner I spoke to brought up the shortage. As they describe it, Generation X does not have any interest in truck-driving as a career. Younger drivers don't want to be on the road for extended periods, and are put off by the sheer hard work of it all.

It is better to get an MBA and obtain one of those cushy desk jobs of the future no doubt.

January 7, 2013
There Are Officially Too Many MBAs

Schools are handing out more advanced degrees than ever, and pay for grad-school alums has stagnated in turn. Part of this boils down to common sense: mediocre students who graduate from mediocre graduate programs aren't going to suddenly find themselves working at Goldman Sachs or a tony law firm.