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

4.0 4.0 out of 5 stars 542 ratings

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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.

Review

Praise for Average Is Over:


“A lively and worryingly prophetic read… some of the most talked-about issues in present-day America… observations that are genuinely enlightening, interesting, and underappreciated” —
The Daily Beast

“A book that is gripping policy makers in Washington… An engaging and eclectic thinker.” —
The Sunday Times

“Cowen’s book represents a fundamental challenge.”—
Wall Street Journal

“A buckle-your-seatbelts, swiftly moving tour of the new economic landscape.”—
Kirkus


About the Author

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.

Excerpt. © Reprinted by permission. All rights reserved.

"This book is far from all good news."

That is how Tyler Cowen begins his latest book and it is an understatement. For most people, real wages are falling and the likelihood of unemployment is rising, he writes. Further, this trend is worldwide and in the future things will get worse. Only for those in the top 10 percent or so does the future look bright. Some might see it as the coming of a hypermeritocracy.

Product details

  • ASIN ‏ : ‎ B00C1N5WOI
  • Publisher ‏ : ‎ Plume (September 12, 2013)
  • Publication date ‏ : ‎ September 12, 2013
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 5225 KB
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Enabled
  • Word Wise ‏ : ‎ Enabled
  • Sticky notes ‏ : ‎ On Kindle Scribe
  • Print length ‏ : ‎ 305 pages
  • Customer Reviews:
    4.0 4.0 out of 5 stars 542 ratings

About the author

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Tyler Cowen (/ˈkaʊ.ən/; born January 21, 1962) is an American economist, academic, and writer. He occupies the Holbert L. Harris Chair of economics, as a professor at George Mason University, and is co-author, with Alex Tabarrok, of the popular economics blog Marginal Revolution. Cowen and Tabarrok have also ventured into online education by starting Marginal Revolution University. He currently writes a regular column for Bloomberg View. He also has written for such publications as The New York Times, The Wall Street Journal, Forbes, Time, Wired, Newsweek, and the Wilson Quarterly. Cowen also serves as faculty director of George Mason's Mercatus Center, a university research center that focuses on the market economy. In February 2011, Cowen received a nomination as one of the most influential economists in the last decade in a survey by The Economist. He was ranked #72 among the "Top 100 Global Thinkers" in 2011 by Foreign Policy Magazine "for finding markets in everything."

Bio from Wikipedia, the free encyclopedia.

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