Average Is Over

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.