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 audiobook, renowned economist and best-selling 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 or to making the most of new technologies, have poorer 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 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 listeners with actionable advice to make the most of the new economic landscape. It is a challenging and sober must-listen - but ultimately exciting and good news. In debates about our nation's economic future, it will be impossible to ignore.
Where does Average is Over rank among all the audiobooks you’ve listened to so far?
I like Tyler Cowen's message, but the performance of this was not great. The narrator sounded rather bland and flat.
What did you like best about this story?
This non-fiction book tells a compelling tale of technological unemployment. Tyler Cowen is a bit of a fear-monger, but he's probably at least a little bit right.
1 of 1 people found this review helpful
if you were looking for any we'll reachered book talking about how technology will change job market and what it will take to win in future then you will have hard time mining that information from this book. unfortunately, this book is the same old same old rant from a conservative and he managed to blame it all on Obama.
Very compelling and interesting regarding technologically savvy labor demand and the future of the economy. Great discussion of economic inequality changes and some things we will benefit from in the future despite increased inequality.
well narrated. good ideas, predictions. the first 3 and last 2 chapters are the best. the chess bit is ok...but parts drag on near the end of the book
Every young person should read this as they begin their career! I found it to be thought provoking and made me look at things in multiple ways.
Man is intuitive and resourceful. The underclass may have more connection to nature and respect for community. Machines are discussed as, by nature, dehumanizing, but in some ways we are learning to create, play and express more freely through them. The future could definitely be a time of heaven on earth.
0 of 2 people found this review helpful
What would have made Average is Over better?
This book was a view design to make the devision of the classes seem to be a stable thing. Capitalism is unstable when this happens- one person one vote right? Will democracy support this? How many channels of propaganda news will it take to keep the kings on their thrones? Keynesian Econ 101 says capitalism is good but; one it does not guaranty full employment, and two it does not provide a fair distribution of wealth. This book says that both of these are gone, but we in a democracy will be able to keep capitalism stable?
Would you ever listen to anything by Tyler Cowen again?
In the future when this view has had a chance to be shown faulty.
How did the narrator detract from the book?
Narration was good
What character would you cut from Average is Over?
Any additional comments?
Who profits from this kind of economy?
3 of 16 people found this review helpful