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.
New York Congresswoman Alexandria Ocasio-Cortez is "cautiously optimistic" that the September 11th Victim's Compensation Fund's permanent extension will be passed in the Senate.
President Donald Trump Thursday evening decided to share his negative opinions on cryptocurrencies and Facebook's plans for the Libra currency, drawing a backlash among blockchain proponents.
Mississippi Rep. Robert Foster, currently running for governor of the state, is denying a female reporter from his campaign trip — unless she is accompanied by a male colleague. That Mississippi Today reporter Larrison Campbell joined Cheddar to give her reaction.
Nike announced on Thursday that it is moving forward with its plan to open a Nike Air Manufacturing Innovation facility in Goodyear, Arizona, just a week after the Governor Doug Ducey said the company was not welcome.
On Friday morning, President Donald Trump announced that Labor Secretary Alex Acosta resigned from his position. The decision follows widespread outrage over Acosta's handling of a 2008 case involving hedge fund manager Jeffrey Epstein, who had been accused of being a sexual predator.
These are the headlines you Need 2 Know for Friday, July 12, 2019.
President Donald Trump abandoned his administration's years-long pursuit to add a citizenship question to the 2020 census, but through an executive order demanded that all government agencies compile and disclose existing data on citizenship.
According to the 16-page report obtained by Cheddar, the expected price tag of the Victim's Compensation Fund is expected to be more than $10 billion over the next 10 years.
French lawmakers voted to impose a 3 percent tax on revenues from digital services that reach French users that could leave U.S. tech giants like Facebook, Google, and Amazon facing a hefty new tax bill.
Billionaire progressive activist Tom Steyer who joined the 2020 race spoke with Cheddar about his focus on the avarice of big business and its undue influence.
