Close Menu
    What's Hot

    Bitcoin ETFs Bleed $812M as Ether ETFs Break 20-Day Inflow Streak

    August 3, 2025

    This Interview Question Helps Me Decide Who Is Right for the Job

    August 3, 2025

    Target Salaries Revealed: How Much Tech Workers Make in 2025

    August 3, 2025
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Money»BlackRock’s Larry Fink Thinks AI Will Boost Wages, Productivity
    Money

    BlackRock’s Larry Fink Thinks AI Will Boost Wages, Productivity

    Press RoomBy Press RoomApril 16, 2024No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Larry Fink, CEO of BlackRock, believes AI will increase productivity and wages.
    • His firm has increased assets while keeping head count the same which Fink credits to AI advances.
    • Although AI optimists hope it’ll raise wages, others are more skeptical and fear job displacement.

    Thanks for signing up!

    Access your favorite topics in a personalized feed while you’re on the go.

    Bull

    Larry Fink, CEO of BlackRock, said on a recent earnings call that the company’s investments in AI will drive up productivity and raise wages.

    Fink said the firm had increased assets by $2.5 trillion over the last 18 months while keeping head count the same, which he credits to productivity gains from technology advances, including AI.

    “We’re going to bring down inflation in America. This is how it’s going to have to be done, driven through technology, which will increase productivity,” he said.

    “What it also means is rising wages … the whole organization is doing more with less people as a percent of the overall organization. That is really our ambition,” he added.

    The $10.5 trillion asset manager is also positioning itself as a key player to power the AI revolution by becoming the capital supplier for new data centers and power generation facilities required by AI-driven companies.

    At a conference last year, Fink said he was dedicating much time to thinking about how AI would reshape the firm.

    “We spend a lot of time with different technologists who know much more about this than I do. They believe things like it will increase productivity by 30%,” he said.

    AI is already helping workers in white-collar jobs become more productive, according to studies done by economists. But this doesn’t necessarily guarantee wage gains: if productivity goes up, business owners may pocket those extra gains for themselves.

    While AI optimists hope it’ll create an economic boon, others fear it will create fewer jobs and lower wages in some professions.

    20% of Americans have jobs that are likely to be highly exposed to the impacts of AI, according to a White House report by the Council of Economic Advisors.

    Some of those will benefit positively from AI through increased productivity and new job opportunities, while “some are harmed, typically due to job displacement,” the council wrote.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    This Interview Question Helps Me Decide Who Is Right for the Job

    August 3, 2025

    Target Salaries Revealed: How Much Tech Workers Make in 2025

    August 3, 2025

    Finance Legend Burt Malkiel on His Career, Not Retiring, Life Advice

    August 3, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    Bitcoin ETFs Bleed $812M as Ether ETFs Break 20-Day Inflow Streak

    August 3, 2025

    This Interview Question Helps Me Decide Who Is Right for the Job

    August 3, 2025

    Target Salaries Revealed: How Much Tech Workers Make in 2025

    August 3, 2025

    Arkham Uncovers $3.5B Bitcoin Theft from Chinese Mining Pool Stolen in 2020, Largest Theft Ever

    August 3, 2025
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2025 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.