Get Use to Eating Beans
That’s one suggestion in Tyler Cowen’s new book, Average Is Over: Powering America Beyond the Age of the Great Stagnation. Cowen creates a stark image of a future U.S. economy in which most people either rocket toward the top or drift toward the bottom. A thinning middle class doesn’t mean people can’t work their way up any more, but it does mean it will be harder to muddle along with marginal skills or a soft work ethic, since a hollowed-out middle will no longer be able to shelter those who don’t have what it takes to make it to the top.
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