widening gap between rich and poor means dealing with one big, uncomfortable
truth: If you’re not at the top, you’re at the bottom.
global labor market is changing radically thanks to growth at the high end—and
the low. About three quarters of the jobs created in the United States since
the great recession pay only a bit more than minimum wage. Still, the United
States has more millionaires and billionaires than any country ever, and we
continue to mint them.
this eye-opening book, renowned economist and bestselling author Tyler Cowen
explains that phenomenon: High earners are taking ever more advantage of
machine intelligence in data analysis and achieving ever-better results.
Meanwhile, low earners who haven’t committed to learning, to making the most of
new technologies, have poor prospects. Nearly every business sector relies less
and less on manual labor, and this fact is forever changing the world of work
and wages. A steady, secure life somewhere in the middle—average—is over.
the Great Stagnation, Cowen explained why median wages stagnated over the last
four decades; in Average Is Over he reveals the essential nature of the
new economy, identifies the best path forward for workers and entrepreneurs,
and provides readers with actionable advice to make the most of the new
economic landscape. It is a challenging and sober must-read but ultimately
exciting, good news. In debates about our nation’s economic future, it will be
impossible to ignore. Download and start listening now!