...scratch the surface and you'll see that Cowen actually thinks there's a policy reform agenda that, if implemented in a timely fashion, would channel much more of the gains of future automation and computerization to the median household...
...The reason Cowen focuses more on the somewhat dour outlook for the median household than on these possible solutions to the problem is that he doubts the political system will deliver any of these solutions. He notes that none of them are particularly on the partisan agenda of either political party, that the nature of the U.S. political system makes large changes generally unlikely, that an aging population is less likely to embrace radical changes, and that elites have a lot of ways of reenforcing their control over the political process.
That seems like a reasonable forecast to me. But it's a very different forecast from the forecast that automation and the rise of the machines means that "average is over." The actual forecast is that the political system will be under the control of a relatively narrow elite who will stomp on the interests of the median household.
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