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

Translated from English by A. Matvienko. –  Moscow: Gaidar Institute Press, 2015. – 320 p. (Series "Economic Development Strategies" under the auspices of the Ministry of Economic Development of the Russian Federation) 

ISBN 978-5-93255-419-7 

Three-quarters of the jobs created in the United States since the recession began pay barely more than the minimum wage. Yet the United States still has more millionaires and billionaires than any other country in the world. In this book, Tyler Cowen offers his explanation for this phenomenon: those who earn a lot enjoy the great advantages of artificial intelligence in analyzing data and achieving better results; those who earn little have no experience interacting with most of the new technologies and therefore have very poor prospects. Virtually all sectors of the economy rely less and less on manual labor, a fact that is forever changing the world of work and wages. The quiet life somewhere in the middle is over.