It is up to the federal government to make sure America embraces rapid technological change in a way that is “positive for as many of our citizens as possible,” said Rep. John Delaney (D-MD).
In an interview with Cheddar, the Congressman said he doesn’t believe such progress is a threat to the labor market.
“Innovation generally creates more jobs than it displaces,” said Delaney. “But the problem is oftentimes the jobs that get created by innovation are not located in the same places where the jobs that were displaced are located.”
He pointed out that 80 percent of venture capital in this country goes to just California, New York, and Boston, which means that innovation and job creation is highly concentrated in and around those places.
“I think that will continue unless policymakers do things to make sure more of our country has the opportunity to have people invest in their communities and kind of benefit from this innovation.”
Delaney founded the A.I. Caucus to do just that. Comprised of lawmakers from both sides of the aisle, the group strives to work with the private sector to come up with policy ideas that can help the country keep up with technological change.
“I just want to make sure we don’t leave huge parts of the country behind,” he said.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
A U.S. health panel says it’s time to resume use of Johnson & Johnson’s COVID-19 vaccine, despite a very rare risk of blood clots.
A growing coalition of private companies, nonprofits, and the federal government are pushing for a more unified approach towards COVID vaccination credentialing.
Republican Caitlyn Jenner says she will run for governor of California. Jenner says in statement posted Friday on Twitter that she has filed initial paperwork to run.
World leaders have joined President Joe Biden at a virtual climate summit to share their stories about how nations can break free of climate-damaging fossil fuels.
Phillippe and Ashlan Cousteau, co-authors of "Oceans for Dummies," joined Cheddar to discuss the outsized impact the Earth's seas have on the climate crisis.
A decades long-movement to reshape the American political map has taken an important further step.
NYC legalized recreational adult use marijuana but before the industry settles in, we're taking on to an underground NYC dinner party where the food is infused with cannabis. Cheddar's Chloe Aiello reports.
The leaders of Russia and China have put aside their raw-worded disputes with U.S. President Joe Biden long enough to pledge international cooperation on cutting climate-wrecking coal and petroleum emissions.
President Joe Biden is preparing to formally acknowledge that the systematic killing and deportation of hundreds of thousands of Armenians by the Ottoman Empire in modern-day Turkey more than a century ago was genocide.
