AVERAGE IS OVER – Tyler Cowen

Book can be found here https://amzn.to/2Ql8S4Z (this is an Amazon associate link which earns commission to keep things going) summary and notes below:

In this eye-opening book, renowned economist and bestselling author Tyler Cowen explains that phenomenon: High earners are taking ever more advantage of machine intelligence in data analysis and achieving ever-better results. Meanwhile, low earners who haven’t committed to learning, to making the most of new technologies, have poor prospects. Nearly every business sector relies less and less on manual labor, and this fact is forever changing the world of work and wages. A steady, secure life somewhere in the middle—average—is over.

# Today’s iPhone would have been the most powerful computer in the world as recently as 1985. Yet to cite two contrasting sectors, typical air travel doesn’t go faster than it did in 1970.

# Robot-guided mechanical arms are common in the operating room, and computers spend more time flying our planes than do the pilots. South Korea is experimenting with robotic prison wardens that patrol when the inmates do something wrong and report the misdeeds.

# When new crimes occur, the predictions are recalibrated daily; it’s based on some of the models for predicting aftershocks from earthquakes. The program awaits further study, but this will not be the last attempt to automate crime prevention. The TSA is experimenting with software that tries to detect, by scanning body language, which plane passengers have hostile intentions.

# political campaigns now use software to locate supporters  and important swing districts

#But for men, from 1969 to 2009, as measured, it appears that wages for the typical or median male earner have fallen by about 28 percent

# The last time a serious public contest was tried, in 2005, Hydra crushed Michael Adams 5.5 to 0.5. A half point indicates a draw, and Adams was lucky to come away with that one draw.
(NOTE: since this was written in 2013 the computer is now unbeatable by any human player)

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