Billionaire Larry Fink says you’re wrong to think that AI stealing your job is the big problem—it’s really about what it’s doing for his class

A specter is haunting the world of white-collar work: the specter of white-collar job loss. But one of Wall Street’s “Masters of the Universe,” asset management billionaire Larry Fink sees another ghost in the machine. Writing in his annual letter to BlackRock shareholders, the CEO identified a much greater threat from technological progress to the Fortune 500. Fittingly, for the man who played a major role in the index-fund revolution, his mind was on assets and who owns them—or doesn’t. Inequality and o ...