I do not believe that... income translates... into life satisfaction... particularly... statistical averages, because these hide what is going on in … - John Komlos

[M]uch work remains to be done before we have even a complete of Europe and America. ...The contributions to this volume testify to the fact that much has already been accomplished. ...It is important that the research continue, inasmuch as it promises to illuminate a large number of problems.

They were also disregarding the real true unemployment rate... even in January of 2016, among African Americans 16%... were unemployed... so this is not full employment... and by education, among African Americans [those who did not finish high school] 32% were unemployed. Now you know why the George Floyds get into trouble with the law. They are not able to find their place in the legal labor market. ...So this is what Marty Feldstein and Donald Trump think of [as] a good economy. Not in my view!

Rapid economic growth brought about stress on the human organism, even though by conventional measures the standard of living was increasing.