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 banking system relies on public trust; unfortunately for Facebook's cryptocurrency ambitions, the social media Goliath doesn't have an abundance of it.
Rep. Tulsi Gabbard (D-Hawaii) adds her own critiques of Facebook's proposed digital currency Libra, and states that it's the responsibility of Congress to potentially break apart tech firms that appear to acquire too much power.
The Republican National Committee and key party leaders have pushed back against condemnation of President Trump's racist tweet he directed at four Democratic Congresswomen of color.
Amid an investigation by Health Canada, CannTrust has halted sales of its cannabis and products. Although CannTrust's regulatory snag does not directly impact U.S. cannabis supply, Cowen analyst Jaret Seiberg said that any turbulence in Canada's nascent industry could be cause for concern for its neighbor to the south.
President Donald Trump said the government will investigate Google following an accusation by tech billionaire Peter Thiel that the company is working with China and committing treason.
These are the headlines you Need 2 Know for Tuesday, July 16, 2019.
More Americans are going to college than at any time in history. And more are graduating with a student debt burden that will follow them for years. Cheddar asked every 2020 Democratic candidate how they will handle student debt. Here's what they said.
To boost voter participation, Nevada launches telecaucus to allow people to vote over the phone. Shelby Wiltz, Nevada Dems caucus director, joins Cheddar to talk about the caucus process and voter participation in 2020.
After President Trump issued a thread of xenophobic tweets calling on four Congresswomen of color to "go back" to where they came from, he defended his comments again on Twitter and in remarks to reporters at the White House.
These are the headlines you Need 2 Know for Monday, July 15, 2019.
