“Welcome to the Hyper-Meritocracy,” Cowen writes in his latest book Average Is Over.
This is an important book. Cowen is his typical thought-provoking self, showing us a possible (and probable, in my opinion) future where the skills needed to succeed will differ from those today.
Welcome to a world of extremes. On one hand many people are “seeing the erosion of their economic futures.” On the other hand, “the very top earners, who often have advanced postsecondary degrees, are earning much more.”