#essential-economy

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#blue-collar-shortages #manufacturing-decline #ai-impact #ai-and-automation #skilled-trades-shortage
Business
fromFortune
1 week ago

Larry Summers praises Ford CEO Jim Farley's concept of the essential economy because it doesn't 'fetishize manufacturing' | Fortune

Broadening the essential economy to include repair, transport, and services addresses about one million blue-collar job shortages beyond manufacturing.
fromFortune
2 weeks ago

Ford's CEO: America is ignoring the 'essential economy' as AI eats entry-level white-collar jobs | Fortune

Ford CEO Jim Farley is issuing a wake-up call to America: the country's economic strength depends not just on the innovation hotspots of Silicon Valley, but on the everyday industries that get things "moved, built, or fixed." In a series of recent commentaries and interviews, Farley has been highlighting the mounting crisis in the "essential economy"-sectors like manufacturing, skilled trades, and infrastructure-and outlines how automation and artificial intelligence threaten to upend the white-collar workforce while blue-collar fields face unprecedented shortages.
Artificial intelligence
Artificial intelligence
fromFortune
3 months ago

Ford CEO Jim Farley warns AI will wipe out half of white-collar jobs, but the 'essential economy' has a huge shortage of workers

Artificial intelligence could halve white-collar jobs in the U.S., highlighting the need to revive blue-collar skilled trades.
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