*By Conor White*
Automation doesn't have to be a job-killer.
That's according to Wade Foster, the CEO of Zapier, which creates technology that allows different workplace apps to communicate with each other.
"The key thing that automation provides is it allows machines to do the things they are really, truly best at," explained Foster in an interview on Cheddar Wednesday. "And then it allows humans the creative angle to work. We're able to find better stories to tell our customers, we're better able to invent new ways of doing things that we haven't done before."
It might be a good thing for those in sectors like technology and media, but others ー those, for example, in manufacturing industries ー will feel the negative effects of technological advances. The World Economic Forum estimates that five million jobs will be lost to automation by 2020. In an interview Wednesday on Cheddar, Foster said it's important not to forget about those workers.
"When you look at blue collar work and things like that, I think we will have to find ways to transition the knowledge that's learned there to help folks find new ways of helping society move forward."
Overall, Foster is optimistic when it comes to automation and about the impact it will have on the world at large.
"Instead of replacing jobs, it's actually helping \[companies\] achieve more, grow revenue," he said. "And in turn they're able to actually create more jobs because they're better able to do things they haven't been able to do before."
For the full interview, [click here](https://cheddar.com/videos/could-automation-actually-be-good-for-workers).
Adam Mosseri, head of Instagram, faced withering questions on Capitol Hill about the reports the social media app was aware of the severe mental health impacts it was having on teenage girls. Karen Kornbluh, the director of digital innovation and democracy for the German Marshall Fund, joined Cheddar to discuss the rare show of bipartisan outrage on display at the Senate hearing. "The senators came really loaded for bear on both sides of the aisle," she said. Kornbluh explained how senators like Richard Blumenthal (D-Conn.) set up fake Instagram accounts with teen girl profiles in order to research the effects firsthand.
Roshan Jhunja, head of retail at Square, joined Cheddar to talk about the financial services company's second annual Future of Retail report. Square expects the massive shift to e-commerce to continue into 2022 as more consumers get used to the online shopping experience. For Square, soon-to-be renamed Block, which began predominantly as a digital payment platform, Jhunja said the company is also helping sellers with automation amid ongoing labor shortages.
Facebook is undergoing more than a name change. The company, now known as Meta, has also seen an exodus of executives this year. While the timing of some of these resignations came before whistleblower allegations, it's undeniable the tech giant is undergoing big changes. Doug Astrop, Managing Partner at Exponential Investment Partners, joins Cheddar News' Closing Bell to discuss Facebook's current state, possible regulatory scrutiny, the impact of Instagram chief Adam Mosseri's Congressional testimony, and more.
Fast AF, a premiere quick commerce retailer for products and brands just announced the close of its Series A investment round. That round puts the value of the company at $200 million. The company gets items to customers ranging from masks to sneakers and is now launching its own in-house delivery service. Lee Hnetinka, founder and CEO of FastAF joins Cheddar News to discuss the announcement.
Carolina Navas, Snap's head of AR product strategy and product marketing, joins Cheddar News to discuss how Snapchat's augmented reality is changing the shopping game this holiday season.
Instagram Chief Executive Adam Mosseri is set to testify before Congress for the first time. Mosseri’s appearance follows reports that showed Facebook and Instagram are aware of the harms their apps and services cause, including to teen mental health. Nicole Gill, co-founder and executive director of Accountable Tech joins Cheddar News to preview the hearing.
Steve Case, Revolution Ventures CEO, joined Cheddar to discuss progress venture capitalists have made over 2021 and where investors are looking beyond Silicon Valley. Other locations VC firms are exploring include Los Angeles, Philadelphia, and Chicago among others. "Historically there's been a brain drain in a lot of these cities, people leaving for opportunity elsewhere. Now, people are staying," he said of the emerging tech hubs. "There tends to be a collaborative effort in the community to really support startups to recognize the future of the community."
