Matt Rappaport’s Post

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General Partner at Future Frontier Capital | Co-Founder UC Berkeley Deep Tech Innovation Lab |

The robots are coming.....for the pick and pack jobs. Congratulations to the founders of Covariant , a University of California, Berkeley -based robotics startup, who were recently acquihired by Amazon. This move may signal a significant shift in warehouse automation. It will be fascinating to observe how politicians, economists, and the media "adjust" their narratives about job creation and its impact on the economy and stock market over the coming years. Remember, the monthly job report can swing the stock market several percentage points in either direction, as we saw last Friday (September 6th). The question looms: What happens when increasing robot jobs = improved productivity = lower cost of production = potentially higher *human* unemployment? https://lnkd.in/g3pBzRKx #FrontierTechnology #AI #Robots #UCBerkeley

This Could Be the Start of Amazon’s Next Robot Revolution

This Could Be the Start of Amazon’s Next Robot Revolution

wired.com

Scott Newton

Managing Partner, Thinking Dimensions ► LinkedIN Top Voice 2024 ►Bold Growth, M&A, Strategy, Value Creation, Sustainable EBITDA ► NED, Senior Advisor to Boards,C-Level,Family Office,Private Equity ► Techstars Lead Mentor

3mo

Good question, and in developed large economies today, take a look at which percentage of new job creation are created by private enterprise as compared to government jobs. In countries including the USA and Canada this is an alarming and eye opening confrontation to consider. We cannot become economies where everyone works for the state.

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