Ford CEO Jim Farley explains why blue-collar jobs are the backbone of our society

Ford CEO Jim Farley explains why blue-collar jobs are the “essential economy” that is the backbone of our society, and how we’re mostly failing to uphold it.

The country is short 600,000 manufacturing workers and 400,000 auto mechanics.

The Essential Economy is the engine of the American Dream , turning hard work into upward mobility.

Ford CEO Farley said in a speech that AI is going to replace a lot of white collar jobs that require four years of expensive college.

This isn’t just important for our workforce, said Farley , it’s also important for defense.

If the country reinvests in blue-collar work and trade schools, the people doing those jobs will probably be driving Ford trucks.

The unsaid thing is that, with unemployment so low, it's not clear who exactly will take these unfilled jobs.

U.S. car companies historically don’t design cars to Japanese tastes, whereas Japanese automakers are great at building cars Americans want.

Japan has insisted on keeping the sectoral tariffs on cars and other items included in the talks on the wider country-specific levies that are due to go up on July 9 .