By S-3 Public Affairs
Fact of the Week: As Amazon makes plans for its second U.S. headquarters, the Wall Street Journal shares a positive perspective on the impact that automation (and businesses like Amazon) can have. “The brick-and-mortar retail swoon has been accompanied by a less headline-grabbing e-commerce boom that has created more jobs in the U.S. than traditional stores have cut. Those jobs, in turn, pay better, because its workers are so much more productive. This demonstrates something routinely overlooked in the anxiety about the job-destroying potential of robots, artificial intelligence and other forms of automation. Throughout history, automation commonly creates more, and better-paying, jobs than it destroys. The reason: Companies don’t use automation simply to produce the same thing more cheaply. Instead, they find ways to offer entirely new, improved products. As customers flock to these new offerings, companies have to hire more people.”
This reporting is consistent with research from S&P Global which found, “automation as both a problem and a solution for job creation,” with new opportunities supported by education and training programs.
In the Administration: President Trump has spent the weekend at Camp David with cabinet members discussing hurricane preparedness and relief efforts as well as the fall legislative agenda, including tax reform.
On the Hill: When Congress returns this week the House will return its attention to the remaining appropriations package and the Senate will debate the National Defense Authorization Act. Meanwhile both the Senate HELP and Senate Finance Committees remain busy with continued efforts on stabilizing the insurance market.
Tuesday: Senate HELP Committee hearing on stabilizing the insurance market, with a focus on state flexibility; Senate Finance Committee hearing on issues impacting cost and coverage of healthcare; Senate Banking Committee hearing on the fintech landscape; Senate Foreign Relations Committee hearing on nominations; Senate Homeland Security Committee hearing on nominations; Senate Energy & Natural Resources Subcommittee hearing on the Department of Energy’s national laboratories; Senate Commerce Subcommittee hearing on reauthorization of the Magnuson-Stevens Fishery Conservation and Management Act; Joint Economic Committee hearing on the gains from free digital trade; House Foreign Affairs Committee hearing on “pressuring” North Korea; House Oversight and Government Reform Committee hearing on the recommendations of the Commission on Evidence-Based Policymaking; House Natural Resources Committee hearing on the SHARE Act and full committee markup of 7 bills (through Wednesday); House Science, Space & Technology Committee hearing on the resiliency of the electric grid; House Homeland Security Committee hearing on “Keeping America Secure in the New Age of Terror”; House Judiciary Subcommittee hearing on regulation and competition of occupational licensing; House Financial Services Subcommittee hearing on the relationship between prudential regulation and monetary policy at the Federal Reserve; House Energy & Commerce Subcommittee hearings on reliability in the electricity industry and the impact of protectionist cross-border data flow policy on U.S. jobs; House Transportation & Infrastructure Subcommittee hearings on infrastructure, with testimony from Coast Guard stakeholders and rail stakeholders; House Veterans Affairs Subcommittee hearings on VA mail management and legislative markup; The Hill: “Turning Genes into Medicine: Reimagining Our Health Care System” panel, featuring Reps. Suzan DelBene (D-WA) and Patrick Meehan (R-PA); Sen. Claire McCaskill (D-MO) holds Senate Homeland Security Committee minority roundtable on opioids sales and marketing;
- Wednesday: Senate Judiciary Committee hearing on the long-term impact of immigration; Senate Commerce Committee hearing on automated truck safety technology and impact; Senate Homeland Security Subcommittee hearing on the OMB’s ongoing government-wide reorganization; Senate Environment and Public Works Committee hearing on the use of carbon capture; House Financial Services Subcommittee hearing on a legislative proposal to impede North Korea’s access to finance; House Foreign Affairs Subcommittee hearings on the President’s FY2018 budget request for Afghanistan and Pakistan, the crisis in Venezuela, and the future of democracy and governance in Liberia; House Energy & Commerce Subcommittee hearings on legislation reducing regulatory burdens for job creators and modernizing FDA regulation of over-the-counter drugs; House Ways & Means Subcommittee hearing on how the IRS resolves taxpayer disputes; House Homeland Security Subcommittee hearing on assessing suspicious activity reporting efforts; House Education and the Workforce Subcommittee hearing on the Save Local Business Act; House Small Business Committee hearing on the effectiveness of the Small Business Administration’s Historically Underutilized Business Zones (HUBZone) Program; House Transportation & Infrastructure Subcommittee hearing with economic development stakeholders’ perspectives on infrastructure; The Hill: “America’s Opioid Epidemic: Search for Solutions” panel,featuring Sen. Rob Portman (R-OH) and Rep. Paul Tonko (D-NY); Sen. Bernie Sanders (I-VT) introduces the Medicare for All Act of 2017; The Atlantic Council hosts a conversation with Rep. Ro Khanna (D-CA) on immigration;
- Thursday: POLITICO Pro Policy Summit; Senate HELP Committee hearing on stabilizing the insurance market, with testimony from health care stakeholders; Senate Finance Committee hearing on individual tax reform; Senate Banking Committee hearing on the Committee on Foreign Investment in the United States; Senate Judiciary Committee executive business meeting on various nominations; Senate Foreign Relations Committee hearing on policy options to support democracy in Venezuela; Senate Homeland Security Committee hearing on FCC’s Lifeline program; Senate Agriculture Committee hearing about nutrition programs and the 2018 farm bill; House Energy & Commerce Subcommittee hearing on workforce programs under the Public Health Service Act; House Small Business Subcommittee hearing about how Small Business Administration entrepreneurial development programs have evolved with technology; Center for Climate and Energy Solutions event, with remarks from Sens. Heidi Heitkamp (D-ND), Sheldon Whitehouse (D-RI), Shelley Moore Capito (R-WV), and John Barrasso (R-WY).
In the Media: The Wall Street Journal reports that Facebook is planning for significant investment in video. “Facebook’s thirst for video content pits it against traditional broadcasters such as Time Warner Inc.’s HBO and deep-pocketed tech companies such as Amazon.com Inc. and Netflix Inc., which all are banking on video to capture the fleeting attention of users and seize billions of dollars in advertising that is expected to migrate from television to digital video. Apple Inc. is preparing its own billion-dollar war chest for content.”