- The average commute in San Francisco is 32.2 minutes. The employed civilian population is 837,442.
- There are 251 working days per year, so the average worker spends 16164.4 minutes/11.23 days commuting per year.
- That is 13,536,747,464.8 minutes – 25,754 years for the Bay Area population per year.
- Assuming a life expectancy of 80 years, 322 lives are wasted every year due to the commute time in SF.
- Given an average San Fransisco per capita income of $46,777, the average hourly rate is $23, which means the commute costs San Franciscans alone $5,189,086,528 – five billion dollars.
- If 100% of the working population adopted self-driving cars then AI convoys and anti-congestion algorithms could reduce the time by at least half, and turn the remaining commute into relaxing/working time.
Consider the lives saved and productivity gained if self-driving cars were adopted by the USA. This does not include the 30-40 thousand people killed and over 2 million injured in car accidents over 90% of which could be prevented by self-driving cars.
That is the potential upside. But you dear reader, know perfectly well that self-driving cars will be delayed by decades because the politicians will not let us. Our legal system is set up in a way that makes it impossible for car makers to innovate because of prohibitive liabilities and regulations intended to ensure our safety, and our nationalized road system blocks innovation in traffic safety.
This is a coordination problem – trillions of dollars and millions of people* will die because our political system prevents markets from satisfying consumer values. The true cost of the inadequacies of our present political system is beyond calculation.
* 3,551,332 people died in car accidents since 1899