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TL;DR
Thorsten Meyer’s new book ‘After the Paycheck’ analyzes how AI is transforming work and ownership, emphasizing that the key issue is who owns the machines. It offers a realistic view of economic shifts and potential responses.
Author Thorsten Meyer has released ‘After the Paycheck’, a book that critically examines the future of work in an era increasingly dominated by AI. The book argues that the central issue is not whether machines will replace jobs but who owns the AI and the data that power it, a shift that could reshape economic security for millions.
The book is available in serialized chapters on the Post-Labor Economics section and as a complete e-book. Meyer challenges the common narratives of AI bringing either mass unemployment or universal abundance, asserting that both are oversimplifications rooted in speculation rather than evidence.
He emphasizes that AI’s impact on employment is gradual and uneven, often affecting new workers first, as machines peel off tasks rather than replacing entire jobs overnight. Meyer also highlights that the core problem is concentrated ownership of AI models, data, and computing power, which currently benefits a small elite, risking increased inequality.
The book discusses three main responses to AI-driven change: income support (like basic income), ownership strategies (such as employee equity or sovereign wealth funds), and reskilling efforts. Meyer cautions that retraining alone is insufficient without structural reforms, and advocates for a combination of approaches tailored to the realities of AI’s economic influence.