Robots are not replacing human beings...

…. They are doing jobs that human beings don't want to do anymore.

Over the course of last year, we invested in Automata, Gideon Brothers and Left Hand Robotics based on this thesis. Recently I spotted this report “America is running low on blue-collar workers“ that confirms the basis of this thesis, that there are more and more blue collar, a.k.a. boring and dull, jobs that people just don’t want to work on anymore, however high the salaries.

In terms of education, blue-collar labor markets are tight is because more and more Americans are going to college. Since the Financial Crisis, “the share of 23- to 24-year-olds with a bachelor’s degree has been rising sharply,” the Conference Board reported. Those with a bachelor’s degree are less likely to pursue a blue-collar career.

We’ll continue scouting for big opportunities in robots taking over jobs that are being abandoned by human beings.

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