Comment on Senate report says AI will take 97M US jobs in the next 10 years, but those numbers come from ChatGPT

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HeyThisIsntTheYMCA@lemmy.world ⁨23⁩ ⁨hours⁩ ago

One such thing would be a mechanical ruleset that adjusts the amount of wealth and assets a company can hold, according to employee headcount.

Expert here. That’s a bad idea. Example: a small law firm, 10 employees including owners/partners/I don’t care how they’re organized. They have 3 bank accounts: their payroll account, their operating fund (where all their nonpayroll expenditures are made) and their client liability account. None of the money in that account is actually theirs, they just hold it while waiting for clients to cash their settlement checks.

Proportionally, at least at the firm I’ve consulted with, their client liability account is several orders of magnitude larger than either of the other accounts. Technically the money isn’t theirs, they are just custodians, and the interest from that account is their bar association dues.

My point is, certain asset caps may look appropriate for one industry and simultaneously be absolutely disruptive to others.

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