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 government figures underscore the continuing damage to businesses and livelihoods from the outbreak that has now killed at least 100,000 people in the U.S.
President Donald Trump is threatening social media companies with new regulation or even closure after Twitter added fact checks to two of his tweets.
Only about half of Americans say they would get a COVID-19 vaccine if the scientists working furiously to create one succeed.
A U.S. appeals court has ruled against major oil companies in lawsuits brought by California cities and counties seeking damages for climate change.
While much of the U.S. remains shuttered, state and local leaders in waterfront communities are beginning to allow beaches, boardwalks, and coastal businesses to open on a limited basis.
Georgia Gov. Brian Kemp is lobbying for the Republican National Convention to be moved to his state, a day after President Donald Trump demanded assurances from North Carolina’s Democratic governor that the convention can go forward in August despite coronavirus fears.
The trading floor of the New York Stock Exchange is reopening for the first time in two months, but it doesn't look — or sound — the same.
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.
President Donald Trump says he has deemed churches and other houses of worship “essential” and is calling on governors to allow them to reopen this weekend despite the threat of the coronavirus.
Stocks are opening lower on Wall Street following a mixed showing in overseas markets.
