Larry Fink on the lost ‘bedrock of America’ and ‘a big divide’ between wages and investment wealth

larry (Credit: Courtesy of Ford Motor Co.)

Larry Fink remembers a time when a career was something a person kept for life. That time is gone, he said.

“When you think about what the bedrock of America was, it was about having a career,” the BlackRock chairman and CEO said Wednesday at Ford’s Accelerate forum at Michigan Central in Detroit. “I think we lost that.” He described how people then began “jumping around to jobs and jobs and jobs,” and it became rare to have a “connection to where you work.”