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.
President Donald Trump says he's ordered the Navy to “shoot down and destroy” any Iranian gunboats found to be harassing U.S. ships. Trump made the announcement on Twitter but provided no details.
Main Street America, a network of 1,600 commercial districts covering 300,000 small businesses, has conducted a survey offering some sobering statistics on the economic impact of the coronavirus pandemic.
President Donald Trump announced what he described as a “temporary suspension of immigration into the United States” on Tuesday. But he said the executive order he plans to sign as soon as Wednesday would apply only to those seeking permanent residency and not temporary workers.
Atlanta Mayor Keisha Lance Bottoms is speaking out against Georgia Gov. Brian Kemp's plan to reopen businesses such as gyms, nail salons, barbershops, and bowling alleys this Friday, April 24.
The Senate has approved a $483 billion coronavirus aid package after Congress and the White House reached a deal. The measure, passed Tuesday by the Senate, would replenish a small-business rescue program, provide hospitals with $75 billion more and implement a nationwide virus testing program to facilitate reopening the economy.
New York Gov. Andrew Cuomo said he had a “functional and effective” Oval Office meeting on Tuesday with President Donald Trump in which he pressed for more federal help as states try to increase testing for the coronavirus.
Oil prices are continuing to collapse, and U.S. stocks dropped to their worst loss in weeks as worries sweep markets about the economic damage caused by the coronavirus outbreak.
Rep. Nino Vitale (R-Ohio 85th District) joined hundreds of protesters at the Ohio state capitol over the weekend, making him one of the few lawmakers to give his tacit support for the small but vocal group of people who are arguing against stay-at-home orders.
Tom Prendergast, the former chairman of the MTA, spoke to Cheddar to offer advice and possible solutions to the paradox of how to run the country's largest public transit network at levels that would help NYC "reopen," while also keeping the millions of daily riders safe.
JetBlue Chairman Joel Peterson said he hoped to avoid furloughs and pay cuts that have been announced by other airlines such as United that would take place after a federally imposed deadline as a stipulation of the airline bailouts.
