Skilled Trades Shortage Meets a New Wave of U.S. Factory Investment
A Ford-backed report says the U.S. needs 1.7 million skilled-trades hires a year through 2035 as training programs lag demand.
- On Wednesday, Ford CEO Jim Farley warned that America must invest in the people who "build things" to avoid falling behind global competitors, speaking at the Accelerate event in Detroit.
- A new report published by the Ford-backed Alliance found that America will need to fill 1.7 million skilled trades jobs annually through 2035, while training programs currently produce just 55 workers for every 100 jobs needed.
- Growth is expected in 86 of 124 skilled trades occupations through 2035, with HVAC technicians, electricians and industrial machinery mechanics among the fastest-growing fields in the essential economy.
- Julien Sanchez, a Ford Auto Tech Scholar, noted that avoiding student debt and strong job security attract young Americans to the trades; apprenticeship programs achieve completion rates above 90%.
- To combat the shortage, Bank of America will hire 1,000 more apprentices while investing $150 million in workforce development, bridging the gap between training capacity and employment demand.
11 Articles
11 Articles
The Derrick
The Billings GazetteFord sounds alarm on skilled trades shortage at Accelerate forum
For the second year in a row, Ford Motor Co. is sounding the alarm on a growing shortage of skilled trades workers in the United States. "Here's the reality: We need to fill 1.7 million job openings in the trades…
Fox Business
The New York LedgerFord CEO sounds skilled-worker alarm as young technicians tout less debt, job security
Ford CEO Jim Farley sounds the alarm on America's skilled-worker shortage as young technicians reveal why they're choosing trades over traditional paths.
Ford CEO Jim Farley teams with Jamie Dimon on $2 billion initiative as he fears the ‘backbone of the American dream’ is crumbling
The State of America’s Skilled Trades report finds that employers will need to fill about 1.7 million skilled-trades openings each year through 2035.
Ford CEO Farley Says AI Could Eliminate Some White-Collar Jobs — While Skilled Trades Gain Value
DETROIT — Ford Motor Co. CEO Jim Farley is drawing a stark dividing line over how artificial intelligence could reshape the American workforce: Some white-collar jobs may disappear, while workers who can repair robots, maintain automated factories and solve complex mechanical problems could become increasingly valuable. Speaking Wednesday at Ford’s ACCELERATE the Essential Economy conference
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