Summary of Average Is Over

Looking for the book?
We have the summary! Get the key insights in just 10 minutes.

Average Is Over book summary
Start getting smarter:
or see our plans


8 Overall

9 Importance

8 Innovation

8 Style


The great “hollowing out” of the US economy is no mirage. That most Americans are falling behind is a measurable trend. Prominent economist Tyler Cowen lays out the details in this compelling read. Cowen doesn’t expect robots to take your job, but he is a realist and warns that those US workers who lack specialized skills and educational credentials face a downwardly mobile future. His conclusions align more closely with today’s economy than when he first published this report in 2013. getAbstract recommends Cowen’s engaging study to employees, employers, investors and policy makers seeking insight into fast-changing labor markets.

In this summary, you will learn

  • Why today’s American economy rewards the smartest and most-skilled workers,
  • Why machines won’t soon displace humans, and
  • Why women overtake men in labor markets.

About the Author

Tyler Cowen is a professor of economics at George Mason University. He writes the Marginal Revolution blog. His previous books include The Great Stagnation and The Age of the Infovore.



Squeezing the Middle
In a dramatic shift that promises to continue, the US job market has fundamentally changed in recent years. Unskilled workers face shrinking wages, while highly skilled workers enjoy gains. In the decade from 2000 to 2010, inflation-adjusted wages for workers holding...

More on this topic

By the same author

An Economist Gets Lunch

Customers who read this summary also read

The Future of Jobs
Thirteen Facts about Wage Growth
Lessons from the Rise of Women’s Labor Force Participation in Japan
Only Humans Need Apply
Bullshit Jobs
Should Economists Be More Concerned About Artificial Intelligence?

Related Channels

Comment on this summary