Average Is Over

304 pages, 2014

Tyler Cowen

Takeaways

Description

In his groundbreaking follow-up to the New York Times bestseller The Great Stagnation, renowned economist Tyler Cowen returns with a book that explains why 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.

The Future of Work

Tyler Cowen explores the future of work in 'Average Is Over'. He suggests that technology will continue to advance, leading to a divide between those who can work with it and those who can't. So, it's time to brush up on your tech skills if you want to stay ahead.

The Importance of Continuous Learning

In the book, Cowen emphasizes the importance of continuous learning. He believes that the ability to adapt and learn new skills will be crucial in the future job market. So, don't stop learning, it's your ticket to success in the future.

The Rise of the Meritocracy

Cowen predicts a rise in meritocracy, where rewards go to those with the most talent and effort. He suggests that this could lead to greater income inequality. So, it's time to put in the hard work and show your worth.

The Role of Motivation

According to Cowen, motivation will play a key role in determining success in the future. Those who are self-motivated and driven will be more likely to succeed. So, find your passion and let it drive you towards success.

The Impact of Technology on Society

In 'Average Is Over', Cowen also looks into the impact of technology on society. He suggests that it could lead to a more divided society, with a small elite reaping most of the benefits. So, it's important to understand the societal implications of technological advancements.

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Tyler Cowen's 'Average Is Over' is a compelling view of the future. It's a must-read for anyone who wants to understand the economic implications of the digital age.