Core Insights - The U.S. is facing a significant workforce crisis in skilled trades, which is not receiving adequate attention compared to layoffs in white-collar jobs [1][2] - Ford CEO Jim Farley emphasizes the urgent need for skilled labor, highlighting over 1 million unfilled jobs in essential sectors such as emergency services, trucking, plumbing, and factory work [2] - Farley warns that the lack of skilled trades poses a national security risk, as the country’s ability to respond in crises relies on these workers [2] Workforce Challenges - There are currently over 1 million job vacancies in critical sectors, with Ford alone having 5,000 openings for skilled positions that offer salaries around $120,000 per year [2] - The shortage of skilled labor is not due to inadequate pay but rather a lack of training and educational infrastructure for trades [3] Educational and Structural Issues - Farley criticizes the absence of trade schools and investment in educating the next generation of blue-collar workers, which is essential for rebuilding the workforce [3] - The COVID-19 pandemic has revealed flaws in the wage system, prompting Ford to eliminate its two-tier wage structure to provide workers with better financial stability [3] Company Initiatives - Ford has taken steps to support its workforce by ratifying union agreements and ensuring equal pay for all workers, reflecting a commitment to creating sustainable careers [3]