Ford CEO Says The U.S. Is 'In Trouble' With Over 1 Million Critical Jobs Empty & Even $120K Tech Roles Sitting Vacant. 'God Forbid We Get In A War'

Benzinga

Ford CEO Jim Farley warned that the U.S. faces a deepening skilled-trades shortage, calling the more than 1 million unfilled jobs a national security risk. He urged stronger trade-school pathways and public-private cooperation, noting Ford has eliminated its two-tier wage system to improve stability. Gen Z interest is rising, but high training costs and limited pathways block many from entering these careers.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Ford CEO Jim Farley warned that the U.S. faces a growing crisis of the skilled trades,

00:07even as Gen. G shows rising interest in these jobs.

00:10In November appearance on the Office Hours Business Edition podcast,

00:13he said more than 1 million skilled trade jobs are ain't unfilled,

00:16including 5,000 well-paid Ford positions that require several years of trading.

00:20He called the shortage of national security risk and said the country needs trade schools,

00:24education reform, and public-private cooperation.

00:27He said COVID exposed wage pressures on workers juggling multiple jobs,

00:32prompting Ford to eliminate its two-tier wage system to create a more stable path forward.

00:37Gen. Z shows strong interest in skilled trades,

00:39but steep trading costs and limited pathways keep many from entering these careers.

00:43For all things money, visit Benzinga.com.

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