"rake aborted!" on "sudo bundle exec rake db:create" cmd (macOS M1)

Update: pegging redis at 4.8.0 fixed the issue for me (see diff for Gemfile below). Since the version number was not specified in the Gemfile originally, I suspect that a clean install of 3.0.1 would show the same problem.

-gem "redis"
+gem "redis", "4.8.0"