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.
In a news conference, NY Gov. Andrew Cuomo said he has ordered the state's hospitals to increase their capacity for intake at least by half, if not doubling it., and also revealed that New York had procured more medical supplies in the fight against the coronavirus pandemic.
While the spread of the coronavirus has caused millions of layoffs across the country, select businesses are on a hiring spree to meet increased demand related to the outbreak.
Stocks are down nearly 5 percent in volatile trading on Wall Street as investors wait for Democrats and Republicans to settle their differences and pass a nearly $2 trillion rescue package for the economy.
Sen. Rand Paul of Kentucky has tested positive for the novel coronavirus, becoming the first case of COVID-19 in the Senate and raising fears about the further transmission of the virus among Republicans at the Capitol.
In its boldest effort to protect the U.S. economy from the coronavirus, the Federal Reserve says it will buy as much government debt as it deems necessary and will also begin lending to small and large businesses and local governments to help them weather the crisis.
Malls, movie theaters, and retailers across the U.S. have been forced to close down to stem the spread of coronavirus, but cannabis dispensaries and retailers will stay open for business after a number of local governments deemed them “essential.”
Rep. Tim Ryan (D-Ohio 13th District) said on Friday that the $1 trillion stimulus package currently being negotiated by lawmakers won't be nearly enough to make Americans whole again.
During the Friday Coronavirus Task Force briefing, President Donald Trump said that the U.S. borders will be closed to nonessential travel with Mexico and Canada, beginning at midnight on Saturday.
The move underscores the pain being inflicted on U.S. oil producers by the abrupt crash in oil prices earlier this month, sparked by the outbreak of a price war between Saudi Arabia and Russia and exacerbated by the global response to the coronavirus.
New York is joining California in seriously altering daily operations after Governor Andrew Cuomo announced he will sign an executive order mandating that 100 percent of the non-essential workforce stay home. The order will go into effect Sunday night.
