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 U.S. and Canada have agreed to temporarily close their shared border to nonessential travel. President Donald Trump made that announcement Wednesday on Twitter as the two nations work to stem the spread of the coronavirus pandemic.
Despite the impact of the COVID-19 outbreak on the airline industry, even as momentum for an enormous bailout package builds in the White House and on Capitol Hill, ia growing backlash has been sparked among Democratic lawmakers, consumer advocates, and antitrust experts.
Senator Cory Gardner (R-Colo.) told Cheddar’s J.D. Durkin on Tuesday,“[An airline bailout] is going to have to be a part of this immediate package
Stocks are closing solidly higher after President Donald Trump promised he's “going big” with plans to blunt the economic pain caused by the coronavirus outbreak.
New York City Mayor Bill de Blasio said Tuesday that New Yorkers should prepare for the possibility of a “shelter-in-place” order within the next 48 hours.
Stocks are adding sharply to their gains on Wall Street after President Donald Trump and his team announced more measures to combat the coronavirus outbreak.
Stacey Cunningham, president of the New York Stock Exchange, told Cheddar on Tuesday that the markets remaining open is important during the COVID-19 pandemic.
The White House announced major moves in coordination with the Federal Reserve to mitigate economic damage from the coronavirus pandemic which has brought some industries to a near halt.
Andrew Cuomo said this morning that the expected peak of infection is 45 days out, based on a hospitalization rate of between 15 to 19 percent.
These are the headlines you Need 2 Know for Tuesday, March 17, 2020.
