BlackRock's Larry Fink Says AI Will Gut White-Collar Jobs— And Winners Will Be Electricians And Plumbers, Not Bankers - BlackRock (NYSE:BLK)
Published on March 26, 2026.
BlackRock CEO, Larry Fink, has warned that Artificial Intelligence (AI) will significantly decrease demand for certain white-collar roles, particularly in the construction industry. He argues that the physical infrastructure for the AI can't be replaced by the individuals who build it, such as electricians, welders, and plumbers. Fink's comments were made in a podcast episode of the company's latest annual letter to shareholders. The company's philanthropic arm has committed $100 million to a program called Future Builders aimed at placing 50,000 workers into skilled trades over the next five years. However, Fink also warned of potential economic downturns due to the ongoing Iran war.
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