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How are Colorado banks, landlords, and employers going to exclude their customers and employees? Right now the law just asks for disclosure and sets up a human
by dghlsakjg 2y ago
How are Colorado banks, landlords, and employers going to exclude their customers and employees?
Right now the law just asks for disclosure and sets up a human appeal process for AI based decisions.
- jmclnx 2y agoYes, for local small business jobs you are correct. But these laws could cause large multinationals to leave Colorado. Plus, in reality, banks really do not "need" tellers since most people get direct deposit, use debit/credit cards and phones for transactions. So large banks could leave too. I remember reading somewhere banks do not really like saving accounts since most people keep a small balance in them. With that said, I wish the laws Colorado has for AI and salaries could be nation wide.
- dghlsakjg 2y agoDo you think that large multinationals are really going to pull out of a market over having to update their disclosures in fine print? Reducing your applicant pool in a state you don’t operate in because you can’t be bothered to disclose salary is one thing. Closing down branches, losing customers and firing hundreds or thousands of employees in a move that reduces your bottom line is a whole other thing.