Cover of The Economics of Labor in the AI Era by Alex Merced

The Economics of Labor in the AI Era

Published by Self-published · Tech

Examines how the AI era is disrupting the labor market and explores paths for adaptation and the future of work.

About the author: Alex Merced is Head of Developer Relations at Dremio and the author of 77 books on data, AI, economics, fiction, and tabletop RPGs. His story is on WhoIsAlexMerced.com.

Who this book is for

Knowledge workers weighing how AI affects their careers, economics students and enthusiasts, policymakers and their staffs, business leaders planning workforce strategy, and data professionals making career decisions in AI-adjacent fields.

Table of contents

  1. The AI Disruption Question
  2. Labor Economics Fundamentals
  3. The Optimistic Case
  4. The Pessimistic Case
  5. Industry-by-Industry Analysis
  6. The Wage Effects
  7. Policy Response: Education and Retraining
  8. Policy Response: Safety Nets and UBI
  9. Policy Response: Regulation and Industrial Policy
  10. Career Strategy for the AI Era
  11. The Practical Playbook
  12. Scenarios and Synthesis

Excerpt

Every major technology shift produces the same argument. One side says the new technology will destroy jobs and create mass unemployment. The other side says it will create more jobs than it destroys, just as every previous technology has. Both sides cite historical evidence. Both sides are partially right. And both sides usually miss the factors that actually determine the outcome. This chapter frames the AI disruption question honestly. It examines what happened during previous technology transitions, identifies what makes AI different from those transitions, and establishes the economic frameworks this book uses to analyze what comes next.

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