CPA/EdD/professor writing on epistemic governance. How do organizations maintain meaning when AI collapses it to pattern matching? Law & Liberty, Martin Center.
Semantic debt arises when institutions lose the discipline to protect meaning. Pacioli built accounting to prevent it; FASB maintains it. When meaning corrodes, trust follows. When referees stop enforcing rules, the game collapses.
@justjoshinyou13 Gross profit means something... gross margin and operating margin do not. These numbers do not add up and make basic errors like implying that "everything else" is not included in operating income. Net Sales - COGS = Gross Profit - Operating Expenses (AKA SG&A) = Before Tax.
@gmkurtzer There is no machine consciousness. There is no machine orgasm. A machine cannot love. A machine cannot be an asshole... but person can be, experience or exhibit all of these.
@EdLudlow Net Sales - COGS = Gross Profit.
The ASC does not define a term called "OPERATING Margin," gross margin, adjusted or otherwise. You look like an idiot.