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.
Vermont Senator Bernie Sanders endorses former Democratic rival Joe Biden for president.
Transit unions are calling for greater protections for their employees, as coronavirus has taken a heavy toll on bus drivers and train operators working on the frontlines.
Rep. John Garamendi (D-Calif. - 3rd District) believes the former captain of the Nimitz-class nuclear aircraft carrier, USS Theodore Roosevelt, deserves to be reinstated after being removed for going around the chain of command to ask for help for his virus-plagued vessel.
The Supreme Court said Monday it will hold arguments by teleconference in May in key cases, including President Donald Trump's bid to shield his tax and other financial records.
The sailor was found unresponsive on April 9 and moved to ICU at a hospital. He died Monday. The Roosevelt has been in a coronavirus crisis that prompted the acting Navy secretary to fire the ship's captain on April 2.
White House officials are pointing to hopeful signs that the spread of the coronavirus could be slowing. President Donald Trump insisted he would not move to reopen the country until it is safe.
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.
Flight attendants for American Airlines told Cheddar of frantic attempts to collect as much personal protective equipment as they can despite promises from the carrier to provide masks, gloves, and hand sanitizers for its employees.
The Treasury Department and the Internal Revenue Service have launched a website for Americans who didn’t file their taxes for 2018 or 2019 to submit their bank account information so they can receive their coronavirus stimulus check.
During World War II, the shipyard earned the nickname the "Can-Do Shipyard" for its efforts in constructing ships and other military vessels. Now, the industrial complex and its tenants are aiding in a fight against an invisible enemy.
