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.
On the heels of the RNC's final night, former senior advisor to President Barack Obama, Valerie Jarrett, joined Cheddar to discuss President Trump's speech.
Derrick Johnson, president and CEO of the NAACP, joined Cheddar to discuss the 2020 March on Washington happening today. Johnson also discussed the need for police reform in the U.S.
President Donald Trump plans to tell voters that Democratic rival Joe Biden would pursue the "most extreme set of proposals ever put forward by a major party nominee" when he delivers his acceptance speech,
Walmart said Thursday it may join Microsoft to buy the U.S. business of TikTok, the popular Chinese-owned video app that has come under fire from the Trump administration.
TikTok CEO Kevin Mayer has resigned amid U.S. pressure for its Chinese owner to sell the popular video app, which the White House says is a security risk.
New York Congresswoman, Yvette Clarke, joined Cheddar to discuss the recent policing shooting of Jacob Blake in Kenosha, Wisconsin. Clarke also discusses Sen. Kamala Harris' nomination as the Democratic candidate for the vice presidency.
U.S. health officials have sparked a wave of confusion after posting guidelines that coronavirus testing is not necessary for people who have been in close contact with infected people.
First lady Melania Trump portrayed her husband as an authentic, uncompromising leader in a Rose Garden address as President Donald Trump turned to family, farmers and the trappings of the presidency to boost his reelection chances on the second night of the scaled-down Republican National Convention.
A new poll from The Associated Press-NORC Center for Public Affairs Research finds 45% of Americans say they are setting aside more money than usual during the coronavirus pandemic.
