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TL;DR
Thorsten Meyer has published ‘After the Paycheck,’ a book examining how AI is reshaping the economy by shifting focus from jobs to ownership. The book offers a nuanced view grounded in data, highlighting the concentration of ownership as the core challenge.
Author Thorsten Meyer has published ‘After the Paycheck’, a book that critically examines the future of work in the age of AI. The book argues that the core issue is not AI replacing jobs directly, but the concentration of ownership over AI models, data, and computing power, which determines economic power and wealth distribution.
The book is available in serialized form on the Post-Labor Economics section and as a complete e-book. Meyer’s analysis challenges the dominant narratives of doom and utopia regarding AI and employment, emphasizing that technology’s impact depends on who owns it. The core thesis is that the real shift is from earning wages to owning the means of production, which is concentrated among few entities.
Meyer describes how AI reaches jobs gradually, peeling off tasks rather than replacing entire roles immediately, which explains the slow and uneven disruption. He categorizes responses to this shift into three groups: income supports (like basic income), ownership strategies (such as employee equity and sovereign wealth funds), and skills retraining, each with its strengths and risks. The book also discusses how to interpret headlines about AI and jobs critically, highlighting the importance of understanding evidence versus spin.