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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by Tyler Cowen
by Michael Fullilove
by Robert L. O'Connell
by Marion Zimmer Bradley
by Walter Stahr
by Ogi Ogas, Sai Gaddam
by Julian E. Zelizer
by Ray Bradbury
"Andrew Garman narrates much of this economic analysis in an alarmist tone that will make people pay attention, even worry. But he knows how to lighten up when the author has something positive or hopeful to say, and his performance overall is easy to hear and fitting for this prescient book. The author, an economist, argues that the ubiquity of computers in almost every phase of life creates a labor climate that will reward only those entrepreneurs and others who learn how to interact with them. High earners will not necessarily need to be independently smartÑthey just need to know how to harness the astounding number of tasks and problems that computers now handle. Everyone else, he says, will be stuck in low-wage labor or service jobs. T.W. © AudioFile 2014, Portland, Maine"
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