With Rick Rieder poised to become the next Federal Reserve Chair, the direction of U.S. economic policy is no longer ambiguous. He has stated repeatedly and publicly that the American job market must be protected and strengthened, and that current interest rate policy has already harmed job creation for American workers. This is a clear signal that domestic employment is now a top national priority.
If BlackRock truly stands by its claim that it “cares about America,” then this moment demands action—not slogans. Corporate patriotism must be reflected in hiring decisions, especially at a time when millions of capable Americans are seeking stable, well-paying jobs.
BlackRock currently employs a substantial number of H-1B visa holders in roles that do not require rare or irreplaceable skills. These are jobs that qualified American workers can and should be doing. Continuing to rely on foreign labor in such roles directly undermines the stated goal of strengthening the U.S. workforce and suppresses opportunities for American citizens.
The conclusion is straightforward: BlackRock should phase out foreign workers in roles Americans can perform and fill those positions with American workers. Anything less is inconsistent with both the priorities articulated by the incoming Federal Reserve Chair and BlackRock’s own claims of commitment to the United States.
If BlackRock wants to be seen as aligned with America’s economic future, it must put American workers first—clearly, deliberately, and immediately.
1 reply
This whole argument collapses about three sentences in. Rick Rieder is not the Federal Reserve Chair, the Fed doesn’t control immigration or corporate hiring, and yelling at BlackRock about H-1Bs won’t magically create jobs. That’s not “economic policy"... I'd say it's just a good ole confused LinkedIn populism. If you want companies to hire more Americans, take it up with Congress or corporate boards ...... not the Federal Reserve, whose job is setting interest rates and it's not running HR dpts.