I first had a similar thought when I considered taking a local toll highway that would significantly reduce my commute time to work. I could spend less time in traffic, be more productive, and therefore further my career - but it came at a cost (literally).
Now with driverless cars visible on the horizon, according to this article , this same idea applies even more. Those wealthy enough to afford the feature can spend even more time being productive. This should cause the wealth gap to grow at a quicker rate.
Now looking from an employer's perspective - is this something that will become included as a form of "compensation" with the not so secret hope that employees will spend this extra time not driving working instead?
What do you guys see as the economic impact of driverless vehicles when it comes to workplace productivity? Will there be a big push from overachieving employees? Or will employers try to capitalize on the opportunity? Perhaps a mix of both? Will the standard workday be extended from 9-5 to 8-6 instead since there is no need to be busy "commuting" anymore?
Financial Modeling Course
- Get An Edge For Your Interviews & Finance Career
- The Best (and Most Affordable) Financial Modeling Self-study Courses.
- WSO Members receive a 15% discount