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.
These are the headlines you Need 2 Know for Friday, Aug. 23, 2019.
The Democratic presidential candidate from Vermont drew praise from activists and advocates after revealing his $16.3 trillion plan to combat climate change.
Planned Parenthood is standing by its decision to withdraw from the federal government’s family planning program rather than comply with the Trump administration’s new rule barring referrals to doctors who provide abortions.
These are the headlines you Need 2 Know for Thursday, Aug. 22, 2019.
President Trump on Wednesday reversed his position on lowering payroll taxes to bolster economic growth, telling reporters that “we don’t need it.” The reversal comes as a growing number of economists have warned that a recession in the U.S. is on the horizon.
The new rule, ending the so-called Flores agreement, will allow officials to hold families in detention indefinitely for the duration of immigration cases, which could be much longer than the current 20-day limit.
The minutes released from the July Federal Reserve meeting showed that the interest rate cut was a "mid-cycle adjustment to policy."
China's e-commerce giant is delaying its potential $15 billion listing in Hong Kong because of the region's political instability, according to the Reuters news service.
On World Humanitarian Day, the United Nations honored women aid worker for the vital role they play in emergency situations, and the increasing risk female aid workers put themselves in to help others.
Democratic Congresswoman Carolyn Maloney of New York who co-sponsored the universal background check bill in February slammed President Donald Trump and Senate Majority Leader Mitch McConnell for the lack of movement on gun reform.
