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.
Democratic presidential candidate Joe Biden will not travel to Milwaukee to accept his party's White House nomination because of concerns over the coronavirus.
U.S. stock indexes drifted higher Tuesday as Wall Street's big rally eased off the accelerator.
President Donald Trump has signed into law legislation that will devote nearly $3 billion annually to conservation projects, outdoor recreation and maintenance of national parks and other public lands.
A Manhattan prosecutor trying to get President Donald Trump’s tax returns told a judge that he was justified in demanding them, citing public reports of “extensive and protracted criminal conduct at the Trump Organization.”
Since March, there have been 423 workplace litigation cases related to COVID-19, according to a tracker developed by the law firm Fisher Phillips.
Parents in Georgia, Louisiana, Mississippi and Tennessee are among those who will be the first to navigate the new academic year as schools open up in parts of those states this week.
While the U.S. economy shrank at an annualized rate of 32.9 percent during the second quarter, the downturn didn't seem to affect Facebook at all.
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.
Dr. Anthony Fauci has told lawmakers that once a coronavirus vaccine is approved as safe and effective, Americans should have widespread access within a reasonable time.
President Trump has rolled back and an Obama-era fair housing policy, allowing developers to bypass building affordable housing in suburban neighborhoods. David Sanchez, director of research & development at National Community Stabilization Trust, assesses the move as a rallying call to Trump's base ahead of the November election.
