- Ledger Lowdown
- Posts
- AI May Create More Accounting Jobs
AI May Create More Accounting Jobs
just added the borders
In partnership with
I share the 4-5 most important accounting that actually matter. I scroll so you don’t have to.
So grab your coffee, take a quick break, and lets catch up.
In this issue:
AI may not kill accountants. It may kill the old career ladder.
CEOs got huge raises even when shareholders lost money.
Michael Jackson’s biopic just had the biggest opening ever for a biopic.
- Ledger Lowdown Team
WTF of the Day🤯
AI might not kill accounting jobs
Everyone is yelling that AI is coming for lawyers, accountants, consultants, and finance people. But Apollo’s chief economist Torsten Slok says the doomers may be missing something old: the Jevons paradox. In the 1800s, better steam engines made coal cheaper to use. So people didn’t use less coal. They used more. Slok thinks AI could do the same thing for professional work. If legal memos, tax research, audits, and financial models get cheaper, more businesses may buy them.
But here’s the catch. That does not mean every job is safe. AI may grow the accounting industry while quietly killing the entry-level ladder. The work won’t disappear. It will get reshuffled. Fewer juniors doing grunt work. More CPAs using AI to move faster, advise better, and serve more clients. So the real question is not “Will AI replace accountants?” It’s “Who learns to use it before the old career path breaks?”
Source: fortune.com
You think 4x faster than you type. Your IDE should keep up.
Wispr Flow lets you dictate prompts, acceptance criteria, and bug reproductions inside Cursor or Warp — with automatic file name and variable recognition. Say user_id, get user_id. Say useEffect, get useEffect.
Paste directly into GitHub, Jira, or Linear. Give coding agents the full context they need without typing a novel.
89% of messages sent with zero edits. Millions of developers use Flow daily, including teams at OpenAI, Vercel, and Clay. Free on Mac, Windows, and iPhone.
What’s poppin in accounting🍿
CEOs Got Rich While Shareholders Got Smoked
Big company CEOs had a very good year. A new study looked at 318 S&P 500 companies and found the typical CEO now makes $17.7 million. Their pay went up 10.6% in one year. That is faster than the year before. And most of them got paid more. About 3 out of 4 CEOs got a raise, 27 CEOs made at least $10 million more than last year, and 21 CEOs saw their pay more than double.
Their salaries did not go up that much. The big money came from stock and option awards, which are basically extra pay tied to company shares. That can make sense when the company is doing well. But some CEOs got paid way more even when shareholders lost money.
Translation: the company struggled, investors lost, and the CEO still cashed out.
Weekly Trend Chart 📊
After One Weekend In Theaters, "Michael" Is The Third-Biggest Musical Biopic Ever
The new Michael Jackson movie came out swinging. In its first weekend, Michael made $217 million worldwide, with $97 million from North America and $120 million overseas. That makes it the biggest opening ever for a biopic, beating Oppenheimer, which opened around $180 million. It is already the third-biggest musical biopic ever, after just five days.
The wild part is critics did not love it, and the production was messy. Lawsuits, reshoots, family drama, the whole thing. But fans showed up anyway. That is usually how music biopics work.
Japan does not get the movie until June, and Michael Jackson still has a huge fan base there, so this thing may have another run coming.
Meme of the Day😂
😂 😂