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The wealth produced has never been used to create industry".
It seemed that for McDonough, sudden wealth produced too many options.
Of new wealth produced, the lion's share has gone to profit.
Since 1980, the share of the state's income from the wealth produced in most democracies has increased significantly.
Education and training will help and the wealth produced with the aid of AI will be spent on new pursuits that generate new jobs.
David Boaz, executive vice president of the Cato Institute, told me: "Washington's economy is based on the confiscation and transfer of wealth produced elsewhere.
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The concentration of wealth produces a range of other problems.
"Unfortunately these are wealth producing areas of country but it can be hard to get doctors to move there".
Crammed with banks, insurance companies and financial traders, it's the driving force behind Switzerland's wealth, producing a quarter of the country's GDP.
"Analyses of survey data have repeatedly shown that, once a society reaches a particular level of affluence, further increases in material wealth produce very limited changes in people's self-reported happiness".
Regions of low inequality and moderate to high wealth (utility promises) produce the relative performance regime, while regions of high inequality and low wealth produce the risk sharing group regime.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com