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Powering America Beyond the Age of the Great Stagnation
Dutton
September 2013
On Sale: September 12, 2013
304 pages
ISBN: 0525953736
EAN: 9780525953739
Kindle: B00C1N5WOI
Hardcover / e-Book
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Non-Fiction
Widely acclaimed as one of the world’s most influential
economists, Tyler Cowen returns with his groundbreaking
follow-up to the New York Times bestseller The
Great Stagnation.
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 the middle—average—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.
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