The “Great Decoupling” is how Erik Brynjolfsson and Andrew McAfeedescribe the swiftly widening gap, in most developed countries, between productivity gains and real household income.

As software is eating the world, fast-paced technological progress makes it possible for businesses to maximize output per worker, thus reaching unprecedented levels of labor productivity. Yet unlike what happened during previous decades, higher productivity isn’t translating into a higher purchasing power for workers. On the contrary, the impression is that the more technology we deploy, the more workers fall down the social ladder. How can the tech industry claim to make the world a better place if it hurts the majority of workers so badly?