Low wage earners across the globe are suffering and policymakers should act to increase minimum wage levels, including those in the U.S., Morgan Stanley Chief Executive James Gorman said Wednesday.

Mr. Gorman, in an interview with Bloomberg Television from Davos, Switzerland, said the minimum wage levels are "a problem.

"We're clearly creating societies where we have large groups of haves and have-not's," said Mr. Gorman. "We need to address it," he said without elaborating.

Web site: www.bloomberg.com

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