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

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Penguin, Sep 12, 2013 - Business & Economics - 304 pages
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.

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User Review  - Kaethe - LibraryThing

I heard the chap on NPR this morning talking as if "income inequality" were some sort of physical law utterly unrelated to social policy. I'd call him an idiot, but I think it's clear that he's ... Read full review

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User Review  - justindtapp - LibraryThing

Average Is Over: Powering America Beyond the Age of the Great Stagnation is supposed to be a longer sort of sequel to his Great Stagnation (my review). Tyler Cowen forsees a future with a continually ... Read full review


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About the author (2013)

TYLER COWEN is a professor of economics at George Mason University. His blog, Marginal Revolution, is one of the world’s most influential economics blogs. He also writes for the New York Times, Financial Times and The Economist and is the cofounder of Marginal Revolution University. The author of five previous books, Cowen lives in Fairfax, Virginia.

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