Obama: Income Gap Fraying Nation's Social Fabric By Frank Lenzi Published: Jul 29, 2013 at 6:45 AM PDT Last Updated: Jul 29, 2013 at 6:45 AM PDT Share this story Comments print email Wendy Clarke, left, holds her neighbor's dog Hero as she is handed an eviction notice by San Jose city worker Rita Tabaldo as city worker Mark Ruffing, center, attaches a notice to a Clarke's tent at a tent city in San Jose, Calif., Tuesday, March 5, 2013. The Silicon Valley is adding jobs faster than it has in more than a decade as the tech industry roars back. Stocks are soaring and fortunes are once again on the rise. But a more ominous record is also being set this year: food stamp participation just hit a 10 year high, African American wages fell 18 percent in two years and median incomes fell throughout the region. Simply put, while the ultra rich are getting even ultra richer, record numbers of Silicon Valley residents are slipping into poverty. (AP Photo/Jeff Chiu) President Obama continues to call for more growth and says the growing income gap between the rich and the rest of America is "fraying the nation's social fabric." More from ABC's Richard Davies.