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TL;DR
Thorsten Meyer’s new book ‘After the Paycheck’ analyzes how AI is gradually transforming employment and ownership. It challenges both apocalyptic and utopian narratives, emphasizing the importance of ownership in the AI economy.
Thorsten Meyer’s new book, After the Paycheck, is now available, offering a detailed, data-backed examination of how artificial intelligence is gradually reshaping the economy, jobs, and wealth ownership. The book challenges the dominant narratives of either mass unemployment or universal abundance, focusing instead on the shifting dynamics of ownership and control that determine economic security in an AI-driven future.
The book is structured in four parts: first, it diagnoses how AI impacts jobs by gradually peeling off tasks, often leaving workers in precarious positions long before full automation occurs. Meyer highlights that early disruptions tend to hit young workers and entry-level positions, complicating the debate over AI’s effects.
Second, it explores responses to these changes, dividing them into three categories: income-based solutions like basic income or job guarantees; ownership strategies such as employee equity and sovereign wealth funds; and skills-based approaches like retraining. Meyer emphasizes that while wealth-building through ownership is promising, it carries risks and has historically produced mixed results.
Third, the book discusses the importance of honest analysis in media and research, noting that different studies often reach conflicting conclusions about AI’s impact on employment. Meyer provides five key questions to help readers evaluate evidence critically.
Finally, he advocates for a combined approach—implementing floors (income support), stakes (ownership), and bridges (skills)—as necessary components of a comprehensive policy response. Meyer openly states his bias, acknowledging that he benefits from AI tools but argues that wider sharing of AI’s gains is essential for a fair economy.