Axios AM

February 27, 2021
Happy Saturday! Today's Smart Brevity™ count: 838 words ... 3 minutes.
🎬 Tomorrow on "Axios on HBO" (6 p.m. ET/PT on all HBO platforms): Dion Rabouin flies to Miami to interview Mayor Francis Suarez ... I sit down with White House senior adviser Cedric Richmond ... Axios editor in chief Nicholas Johnston explores cyberhacks with FireEye CEO Kevin Mandia ... and Erica Pandey talks to Reddit CEO Steve Huffman (Watch a clip).
1 big thing: Jobs will still grow in robot economy
Illustration: Sarah Grillo/Axios
We should be less worried about robots taking human jobs than people in low-skilled positions being forced to work like robots, Bryan Walsh writes in Axios Future.
In a report last week about the post-COVID labor force, McKinsey predicted 45 million U.S. workers would be displaced by automation by the end of the decade, up from 37 million projected before the pandemic.
- That increase is a function both of permanent changes in the economy because of the pandemic — less business travel and more remote work — as well as an acceleration in investment in automation and AI.
McKinsey notes that despite the displacements, the total number of jobs is projected to increase.
- The catch: McKinsey finds that while the total number of jobs will increase, “nearly all net job growth over the next decade is projected to be in high-wage occupation."
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2. Restaurant software meets pandemic moment
Illustration: Annelise Capossela/Axios
Restaurant software startups are having a moment, as eateries race to handle the avalanche of online orders resulting from in-person dining restrictions, Axios' Kia Kokalitcheva writes.
- Exorbitant fees for delivery services, and fees charged to some for being listed on their customer-facing apps, are among the many challenges restaurants still face.
Olo, which filed last week for an IPO, serves 400 chains — including Shake Shack and Chili's — covering 64,000 restaurants. In 2020, Olo processed its one billionth transaction, and recorded $14.6 billion in gross merchandise volume for the year.
- ChowNow, which provides independent and smaller restaurants with online ordering tools, grew its restaurant customers from about 12,000 before the pandemic to more than 20,000 now. It went from processing roughly $500 million in orders in 2019, to $2 billion in 2020.
Some software companies have teamed up with third-party delivery providers, like DoorDash's Drive, to help restaurants without drivers.
3. In wee hours, House passes Biden plan
Screenshot via C-SPAN
At 2:05 a.m., the House approved President Biden's $1.9 trillion COVID relief package, 219-212, sending it to the Senate for a possible rewrite, Axios' Kadia Goba reports.
- Why it matters: The vote was a critical first step for the package, which includes $1,400 cash payments for many Americans, a national vaccination program, ramped-up COVID testing and contact tracing, state and local funding and money to help schools reopen.
- Two Democrats — Reps. Jared Golden (Maine) and Kurt Schrader (Ore.) — joined Republicans in voting against the bill.
Go deeper: Bill's latest highlights.
4. Warren Buffett quotes Mae West
The good old days of 2019. Photo: Scott Morgan/Reuters
Warren Buffett called progress in America "slow, uneven and often discouraging," but retained long-term optimism in his annual shareholder letter out today, Axios' Jacob Knutson and Courtenay Brown write.
- "We retain our constitutional aspiration of becoming 'a more perfect union,'" Buffett wrote. "Our unwavering conclusion: Never bet against America."
Buffett, who has received both doses of the vaccine, said he hopes to convene an in-person annual meeting in 2022.
- On Berkshire buybacks, Buffett invoked Mae West: "Too much of a good thing can be ... wonderful."
5. Axios interview: Schiff on Saudis
MBS attends a virtual G-20 summit from Riyadh in November. Photo: Bandar Aljaloud/Saudi Royal Palace via AP
The U.S. intelligence report on the murder of Jamal Khashoggi was short on new information, but House Intelligence Chair Adam Schiff tells Axios' Dave Lawler that the clear implication of Saudi Crown Prince Mohammed bin Salman (MBS) speaks volumes.
- "We rarely see something published that is this definitive," Schiff said. "It really held nothing back in terms of attributing the capture/kill operation to the crown prince."
- "I've urged the administration to make sure that those repercussions apply to anyone involved and that includes the man who gave the orders."
Read the 4-page document.
6. CPAC becomes TPAC

Don Jr. labeled CPAC — the Conservative Political Action Conference, meeting this weekend in Orlando — "TPAC" in honor of his dad, who'll speak tomorrow in his first public appearance since leaving office:
- "I imagine it will not be what we call a 'low-energy' speech. I assure you that it will solidify Donald Trump, and all of your feelings about the MAGA movement, as the future of the Republican Party." (AP)

7. How Marty Baron changed The Post
Marty Baron, with publisher and CEO Fred Ryan, announces the 2018 Pulitzer Prizes in the modernized newsroom. Photo: Matt McClain/The Washington Post. Used by kind permission.
The celebrated Marty Baron departs tomorrow as Washington Post executive editor, with the search for his successor continuing. Cameron Barr, a managing editor, this week was named acting executive editor.
The cover story of tomorrow's N.Y. Times Sunday Business section is, "How Marty Baron and Jeff Bezos Remade The Washington Post," by Marc Tracy (subscription):
- "Baron, 66, was already bound for journalism Cooperstown when he joined The Post at the beginning of 2013."
- "Since 2013, the newsroom head count has nearly doubled — it is expected to reach 1,010 this year — with 26 locations around the world."

Absent Jeff Bezos, who bought The Post later in 2013, "it’s highly likely that our future would have looked a lot like the present of a lot of regional publications," Baron told The Times in a phone interview last weekend as he cleared out his office at The Post. "There’s no reason to believe it would have been substantially different."
- "The first substantive point that he made to us," said Mr. Baron, "was that the strategy that we had of being focused on our region — of being, as they put it, for and about Washington — that may have worked in the past, but it wasn’t going to work any longer."
🗞️ Best line in the story: "Mr. Baron, who denies charges of Luddism ... "
8. Parting shots: Band pods

Wenatchee High School in Washington State is using these Pop-Up pods for band, choir and wind ensemble as students return to classrooms.

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