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.
Former Housing Secretary Julián Castro announced he is dropping out of the race, and Pete Buttigieg, who declined to run for a third term as mayor of South Bend, Indiana, is back to being a private citizen.
Former Obama housing secretary Julián Castro on Thursday ended his run for president that pushed the 2020 field on immigration and swung hard at rivals on the debate stage but never found a foothold to climb from the back of the pack.
Lebanon's justice minister said Thursday that Lebanon has received an international wanted notice from Interpol for Nissan’s ex-chair Carlos Ghosn, four days after he fled Japan to Lebanon before a trial on financial misconduct charges.
From Sydney to New York City, concerns have crossed over into 2020 along with the celebrations.
The U.S. and China reached the deal after almost two years of an escalating trade war between the world’s largest economies.
This year was no slouch in providing plenty of material to blow up our feeds. Here’s a look at some of the most memorable political moments of 2019.
These are the headlines you Need 2 Know for Tuesday, December 31, 2019.
As a candidate for the White House, Donald Trump repeatedly promised that he would “immediately” replace President Barack Obama’s health care law with a plan of his own that would provide “insurance for everybody.” Nearly three years after taking office, Americans still are waiting for Trump’s big health insurance reveal.
A look at the events that are sure to make the market move next week — the final week of 2019!
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.
