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

Computer nerds will indeed do well, but not everyone will have to become a computer nerd.
Tyler Cowen • Average Is Over: Powering America Beyond the Age of the Great Stagnation
Despite all the talk about STEM fields, I see marketing as the seminal sector for our future economy.
Tyler Cowen • Average Is Over: Powering America Beyond the Age of the Great Stagnation
The ability to mix technical knowledge with solving real-world problems is the key, not sheer number-crunching or programming for its own sake. Number-crunching skills will be turned over to the machines sooner or later.
Tyler Cowen • Average Is Over: Powering America Beyond the Age of the Great Stagnation
That means better jobs and higher wages for a lot of women in this new world of work, without a comparable upgrade for a lot of the men.
Tyler Cowen • Average Is Over: Powering America Beyond the Age of the Great Stagnation
The growing value of conscientiousness in the workplace helps women do better than men at work and in colleges and universities.
Tyler Cowen • Average Is Over: Powering America Beyond the Age of the Great Stagnation
If you’re a young male hothead who just can’t follow orders, and you have your own ideas about how everything should be done, you’re probably going to have an ever-tougher time in the labor markets of the future. There won’t be much room for a “rebel without a cause” or, for that matter, a rebel with a cause. It’s not surprising that teen
... See moreTyler Cowen • Average Is Over: Powering America Beyond the Age of the Great Stagnation
It sounds a little silly, but making high earners feel better in just about every part of their lives will be a major source of job growth in the future. At some point it is hard to sell more physical stuff to high earners, yet there is usually just a bit more room to make them feel better. Better about the world. Better about themselves. Better
... See moreTyler Cowen • Average Is Over: Powering America Beyond the Age of the Great Stagnation
That means humans with strong math and analytic skills, humans who are comfortable working with computers because they understand their operation, and humans who intuitively grasp how computers can be used for marketing and for other non-techie tasks. It’s not just about programming skills; it is also often about developing the hardware connected
... See moreTyler Cowen • Average Is Over: Powering America Beyond the Age of the Great Stagnation
There is now a joke that “a modern textile mill employs only a man and a dog—the man to feed the dog, and the dog to keep the man away from the machines.”