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March 07, 2014 AT 11:57 AM
Google’s Eric Schmidt told a SXSW audience in Austin Friday that Google is “very, very worried about” the growing financial inequality and subsequent protests in San Francisc . He predicted that inequality will become “the No. 1 issue of democracies, and said, "technology can help some, but inequality is growing.” He and President Obama have both pushed for more education in science, technology, engineering, and math to help fill unmet demand for tech jobs.