In Average is Over (Cowan's 2013 book), he predicted a bifurcated future where 10-15% of the population becomes extremely wealthy while the rest experience stagnant/falling dollar wages but massive increases in free/cheap services (entertainment, education, healthcare, legal advice), making material welfare improve without visible wage growth.
forecastpending
Speaker
Tyler CowanEvidence Quote
“10 to 15% of the citizenry is extremely wealthy and has fantastically comfortable and stimulating lives the rest of the country will have stagnant or maybe even falling wages in dollar terms but a lot more opportunities for cheap fund and also cheap education and Healthcare [33:21]”
Created: 8/11/2026, 8:00:09 AM
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