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

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  "detected_at": "2026-10-02T06:56:00+00:00",
  "company": {
    "name": "Ford",
    "domain": "ford.com"
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  "data": {
    "url": "https://fortune.com/2026/10/02/larry-fink-on-the-lost-bedrock-of-america-and-a-big-divide-between-wages-and-investment-wealth/",
    "title": "Larry Fink on the lost ‘bedrock of America’ and ‘a big divide’ between wages and investment wealth",
    "author": "Nick Lichtenberg",
    "excerpt": "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 . “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.” Fink said the churn weakens the tie between a worker and an employer. “It doesn’t create the stability in life,” he said, arguing that “we all need to focus on how to rebuild that foundation.” That has to be rebuilt “on trust” but also the certainty that if you choose a career, that career can take you throughout a life journey through raising a family, building your children’s careers, ultimately to retirement. “This is more of a fantasy than a reality for too many families,” he said, “and we’ve got to bring those values back.” His model was his father. “My father essentially had one job in his career, and that was a foundation of America,” Fink said. His father owned a shoe store, where Fink started working at 11. Asked whether that was legal, Fink joked, “I don’t think anyone was paid minimum wage.” Fink spoke on a panel called “America’s Skilled Trades Resurgence: A Call for Collective Action” with Ford CEO Jim Farley, Carhartt...",
    "summary": "Ford, BlackRock, Google, and Carhartt formed the Alliance for America’s Skilled Trades, which released a national report this week.",
    "location": "USA",
    "planning": false,
    "image_url": "https://fortune.com/img-assets/wp-content/uploads/2026/10/Accelerate-2026_Call-for-Collective-Action_06.jpg?resize=1200,600",
    "confidence": 0.9,
    "published_at": "2026-10-02T06:56:00Z",
    "location_data": [
      {
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
        "fuzzy_match": false
      }
    ],
    "article_sentence": "The panelists drew on “ The State of America’s Skilled Trades: A National Report ,” released this week by the Alliance for America’s Skilled Trades, which Fortune revealed in July was formed by Ford, BlackRock, Google and Carhartt.",
    "related_company_name": "BlackRock",
    "related_company_domain": "blackrock.com"
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