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.
State Senator Tom Umberg introduced legislation to regulate DNA data collected by popular testing services like 23andMe and Ancestry.com.
The Office of the United States Trade Representative announced last month that tariffs as high as 100 percent could be added to products such as Irish and Scotch whiskeys, Cognac, and Parmesan cheese as soon as mid-February.
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.
For the first time, China disclosed information about the effect of the virus on medical workers — 1,716 medical workers have contracted the novel coronavirus and six have died.
These are the headlines you Need 2 Know for Friday, February 14, 2020.
The former NYC mayor tried something different in the Democratic primary race so far, pushing memes on Instagram that left some potential voters and experts scratching their heads.
Activist and Marjory Stoneman Douglas High School shooting survivor Brendan Duff joined hip-hop star will.i.am to promote a new documentary about the tragic day and to stand up for young voters.
A Republican-led coalition of fossil fuel giants, environmental advocates, and former federal policymakers on Thursday issued a "Roadmap" to addressing climate change that, while labeled as "Bipartisan," is particularly aimed at garnering GOP support.
The World Health Organization Thursday pointed to a change in reporting, rather than a sudden acceleration of infections. But for many, it strengthened the concern that nobody really knows how widespread the illness is, and there appears to be no good way to figure it out.
The Senate has approved a bipartisan measure limiting President Donald Trump's authority to launch military operations against Iran. The resolution says Trump must seek approval from Congress before engaging in further military action.
