The Great Decoupling is a term economists use to describe the economic decoupling of productivity, wages, jobs and GDP growth.
These 4 factors used to move more or less in unison.
But as HBR's excellent interview with Erik Brynjolfsson and Andrew McAfee - faculty members at the MIT Sloan School of Management - describes, starting around 2000 the growth in labor productivity "decoupled" from job and wage growth.
Their decoupling has led to growing income inequality, greater economic uncertainty and fewer Americans being part of the middle class.
The article is excellent and well worth reading, but the charts are even better.