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TL;DR
Thorsten Meyer’s new book ‘After the Paycheck’ explores how AI is reshaping work and ownership, challenging both apocalyptic and utopian narratives. The book offers a detailed, data-backed analysis of future economic shifts.
Author Thorsten Meyer has released a new book, ‘After the Paycheck’, which offers a detailed, data-driven analysis of how artificial intelligence is transforming work and economic security. The book aims to provide a realistic view of the future, challenging both alarmist and overly optimistic narratives.
The book is available as a serialized series in the Post-Labor Economics section and as a complete e-book. It examines how AI reaches jobs gradually by peeling off tasks, leading to increased precarity before outright automation occurs. Meyer emphasizes that the core issue is not AI doing the work but who owns the AI, data, and models. The concentration of ownership in a small number of entities means that economic gains from AI could flow to a few, while most workers face displacement or stagnation.
Meyer discusses three main responses to AI’s impact: income support measures like basic income, ownership strategies such as employee equity and sovereign wealth funds, and skills development through retraining. He critiques the effectiveness of retraining, noting that generic efforts often fall short unless tied to actual demand. The book also explores how to interpret headlines about AI and jobs critically, emphasizing that no single solution suffices; instead, a combination of policies is necessary.