Bill Clinton's labor secretary, Robert Reich, notices two recent comments by financial industry figures about income inequality:
Lloyd Blankfein, CEO of Goldman Sachs, warned recently on "CBS This Morning" that income inequality is "destablilizing" the nation and is "responsible for the divisions in the country." He went on to say that "too much of the GDP over the last generation has gone to too few of the people." ...Bill Gross, Chairman of Pimco, the largest bond-trading firm in the world, said this week that America needs policies that bring labor and capital back into balance, including a higher minimum wage and higher taxes on the rich.
