Living standards have gone down and life has become much more economically insecure for most working people as a result of the policies that economists recommend. This includes globalization, free trade, low taxes, destruction of labor unions, and the like. The authors support these policies. These changes have been accompanied by a political system that no longer represents the left behind. So of course the losers are not compensated; that is by design, not accident. I think we have the choice to either become more equal or face increasing political instability and viciousness - and the latter is more likely, witness Trump, Brexit, etc. I have lost respect for economic analysis because it has been so out of touch with political and social consequences as to be hugely destructive to the fabric of society. Much more of this and I hate to see what will become of our society.