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.
Volkswagen gets its first chance to show off its new electric vehicle, the ID. Space Vizzion, even as the California government boycotts the show over some automakers siding with the White House in a fight over emissions standards.
These are the headlines you Need 2 Know for Thursday, November 21, 2019.
The Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act of 2019 passed through the House Judiciary Committee 24-10 on Wednesday.
Speaker Nancy Pelosi and several Democratic lawmakers held an event as the impeachment inquiry raged on drawing attention back to background check legislation currently stalled in the Senate.
These are the headlines you Need 2 Know for Wednesday, November 20, 2019.
As 2020 presidential candidates prepare to take the stage at the fifth Democratic debate on Wednesday, the lower tier candidates continue their fight for a spot on the national stage.
The third day of impeachment hearings finished up with testimony from Kurt Volker, the former special envoy to Ukraine who attempted to clarify inconsistent testimony, and Timothy Morrison, a former National Security Council official.
The Growing Renewable Energy and Efficiency Now (or GREEN) Act would add five years to the so-called investment tax credit (ITC) that provides an upfront subsidy to solar and offshore wind projects.
Andrew Yang wants the U.S. to create useful rules for cryptocurrency businesses and projects now, rather than playing catch-up after another jurisdiction has already done it. He recently layed out his vision for a national framework on cryptocurrencies.
The social media company is worried its Chinese roots could get in the way of growth opportunities and is now considering ideas like moving operations to Singapore and rebranding the app in the U.S., according to a report.
