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.
During a Wednesday press conference, New York Gov. Andrew Cuomo said social distancing will be key to making sure state hospitals can handle the apex of cases expected in late April.
Tal Cohen, executive vice president and head of Nasdaq's North American Markets, told Cheddar Wednesday that the markets are beginning to grasp how to function during the outbreak.
Sabine Altendorf of the Food and Agriculture Organization of the United Nations warned that while so far the impact of the rapidly evolving crisis on food supply has been limited, it could change drastically.
Coronavirus stimulus checks are going to be distributed in the next three weeks, the Internal Revenue Service said Monday, and offered a little bit more clarity on how people can actually get their payments.
Stocks are sinking again on Wall Street as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak.
President Donald Trump on Tuesday warned Americans to brace for a “rough two-week period” ahead as the White House released new projections that there could be 100,000 to 240,000 deaths in the U.S. from the coronavirus pandemic even if current social distancing guidelines are maintained.
As some see promising returns from California’s early shelter in place orders, Governor Gavin Newsom announced Tuesday a growing number of cases and hospitalizations in the state as a record number of Californians file for unemployment.
Senator Amy Klobuchar told Cheddar on Tuesday that Americans need cash from canceled flights to provide immediate relief, but airline executives have not responded to the call.
Parsing the data from around the world is showing a stark difference in how the COVID-19 pandemic is impacting mortality and socioeconomic suffering along gender lines.
Ohio Senator Sherrod Brown is pushing forward with his proposal to provide a $10,000 payoff to all federal student loan borrowers in the next round of stimulus funding.
