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Average Is Over: Powering America Beyond the Age of the Great Stagnation

Paperback - 26 August 2014
Cowen, Tyler (Author)
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Description

Renowned economist and author of Big Business Tyler Cowen brings a groundbreaking analysis of capitalism, the job market, and the growing gap between the one percent and minimum wage workers in this follow-up to the New York Times bestseller The Great Stagnation.

The United States continues to mint more millionaires and billionaires than any country ever. Yet, since the great recession, three quarters of the jobs created here pay only marginally more than minimum wage. Why is there growth only at the top and the bottom?

Economist and bestselling author Tyler Cowen explains that high earners are taking ever more advantage of machine intelligence and achieving ever-better results. Meanwhile, nearly every business sector relies less and less on manual labor, and that means a steady, secure life somewhere in the middle--average--is over.

In Average is Over, Cowen lays out how the new economy works and identifies what workers and entrepreneurs young and old must do to thrive in this radically new economic landscape.

Customer Reviews

1 customer reviews Between 4−5 stars rating, 30 October 2017
Robot is taking over your jobs!
By: Antonius Nicholas Budi

This is a great read if you're worried that automation is going to replace your job. Tyler Cowen goves a great framework in thinking over whether a given job is likely to be replaced by robot or not. In summation, not all jobs are created equal. Some jobs will require us to work collaboratively with robots(think of smartphone user instead of phone operator)

Cowen then lays out a path forward for us, arguing for a universal basic income for all of us if we are to expect that all manufacturing jobs are to be replaced.

This book is truly the example of the maxim, "The future is here;it is just not evenly distributed".

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