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.
The U.S. House of Representatives made history on Friday, after voting to pass a sweeping cannabis decriminalization and social equity bill.
Sen. Kelly Loeffler debated her Democratic opponent, Rev. Raphael Warnock, Sunday night, while challenger Jon Ossoff debated an empty podium when incumbent Sen. David Perdue refused to debate ahead of the January Senate runoffs in Georgia.
Joe LaVorgna, the chief economist for the White House National Economic Council, talked to Cheddar about the economy and the recently released jobs report'.
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.
Biden stopped just short Thursday of the nationwide mandate he’s pushed before to stop the spread of the coronavirus.
Three former presidents say they’d be willing to publicly take a coronavirus vaccine, once one becomes available, to encourage all Americans to get inoculated against a disease that has already killed more than 273,000 people nationwide.
The U.S. has recorded over 3,100 COVID-19 deaths in a single day, obliterating the record set last spring.
The Senate on Thursday narrowly confirmed the nomination of Christopher Waller for the Federal Reserve’s Board of Governors, placing another of President Donald Trump’s picks on the Fed’s influential board after a string of high-profile rejections.
IBM security researchers say they have detected a cyberespionage effort that used targeted phishing emails to try to collect vital information associated with a U.N. initiative for distributing coronavirus vaccine to developing countries.
President-elect Joe Biden has swung behind a bipartisan COVID-19 relief effort. That comes as his top Capitol Hill allies cut their demands for a $2 trillion-plus measure by more than half.
