Billionaire Steve Schwarzman also advocates for more technical training for people who didn't go to college.
Blackstone CEO and Chairman Steve Schwarzman on Thursday outlined what he called a"Marshall Plan" for the middle class to address increasing income inequality in America.
"What we have is less an issue of income inequality than income insufficiency for the bottom 50% of the society," he said on CNBC's"Squawk Box." Schwarzman, whose company manages $512 billion in assets, suggested that business communities in each state should connect with high schools to start job training early. Each state, he said, would receive money from the federal budget to advance training programs.
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