BlackRock CEO Larry Fink warns that tighter immigration restrictions and a rise in nationalism in the US could lead to higher inflation and a shrinking workforce in key sectors like agriculture and construction. Fink highlights the potential impact on the labor market, particularly in agriculture and construction where many workers are foreign-born. He also mentions a potential shortage of electricians critical for building AI data centers. Fink suggests that technological advancements, particularly artificial intelligence, could lead to deflation in the long run as it reduces the need for labor in manufacturing and technology. Additionally, Fink mentions BlackRock's recent investment in global ports, acquiring a 90% stake in a company running ports near the Panama Canal. This deal adds 43 ports across more than 20 countries to BlackRock's portfolio. Overall, Fink's comments reflect concerns over labor shortages, inflation, and the impact of economic policies and technological advancements on the global market.



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