Is technology contributing to increased inequality?

Christoffer O. Hernæs is chief digital officer of Skandiabanken, Norway's first pure internet bank and leading challenger bank. As global poverty continues to decline, another issue emerges. According to the World Economic Forum, rising income inequality and the polarization of societies pose a risk to the global economy, and may lead to increased polarization and lack of political stability. This, however, is not a global problem. In developing countries, inequality is decreasing and the amount of people living in extreme poverty is at an all-time low.