BlackRock CEO on permanent changes to working environment

[butters]

"No relationship has been changed more by the pandemic than the one between employers and employees," Fink writes in his annual letter to CEOs, published on Tuesday. He points to the historic quit rates and the wage growth we're seeing in the United States as positive signs of "workers seizing new opportunities" as well as "their confidence in a growing economy."

Workers aren't just looking for new opportunities now either – they're demanding more from their employers in benefits and work-life balance, especially flexible work arrangements and work that aligns with their values.

"As companies rebuild themselves coming out of the pandemic, CEOs face a profoundly different paradigm than we are used to," Fink says in his letter. "Companies expected workers to come to the office five days a week … mental health was rarely discussed in the workplace … and wages for those on low and middle incomes barely grew."

Now, he writes, "That world is gone." The pandemic has also highlighted the importance of discussing racial equity, child care and mental health in the workplace, Fink notes.

https://www.msn.com/en-us/news/othe...c-here-s-why/ar-AASUpYP?ocid=msedgdhp&pc=U531

Larry Fink

is an American billionaire businessman. He is the chairman and CEO of BlackRock, an American multinational investment management corporation.[2] BlackRock is the largest money-management firm in the world with more than US$10 trillion in assets under management,[3][4] giving the firm enormous power over the global financial system.[5] In April 2018, Fink's net worth was estimated at US$1 billion.[1]

https://en.wikipedia.org/wiki/Larry_Fink

 

[butters]

i see nothing negative about his words above and effects on the economy. And he should know, surely?

Reports are in all over the place from the largest indicators about how well the economy is actually doing, and yet there's an overwhelming screed in the media about how poorly President Biden is doing.

Why? we know why

 

[GothTalk]

What the fuck does racial equity have to do with the workplace???

The guy is a woke crackpot.