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There may be a silver lining to this story. Despite the boost it has given to overall growth, the white-hot pace of tech advancement over the past few decades is also a key driver of higher unemployment and inequality, as less-educated workers lost their jobs to machines. Research shows that technology powers job growth only if educational levels keep pace with technological change--a relationship that began to break down in the 1970s in the U.S. If IT advances are finally slowing, "then workforce skills may be better able to catch up with the level of technology," notes Feroli. In an era when many economists believe inequality is an obstacle to growth, that's a rare bit of good economic news.