Average Is Over

Unabridged Audiobook

Written By: Tyler Cowen

Narrated By: Andrew Garman

Publisher: Recorded Books

Date: September 2013

Duration: 8 hours 45 minutes

Summary:

The 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. The 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. In 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 themiddle is over. With 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.

Genres:

  • Jason Hofley

    I really enjoyed this book and felt that I learned a lot new things, especially since this was my first book about economics. The only negative, in my opinion, was how much time was spent discussing chess, freestyle chess, and the computers. I understand there is correlation between that and the authors overall thoughts of the future however it felt overwhelming at times which had me disengaged. I would recommend the book overall though.