Ford CEO Jim Farley warns AI will wipe out half of white-collar jobs

meanwhile Last week’s Aspen Idea Festivalhe emphasized the importance of “essential economy” while saying that blue-collar skilled deals are neglected.

The US is spending too much on vocational training heading towards 1950 than 2050, contributing to the decline in blue-collar productivity, Farley explained, but automakers are investing in training.

Meanwhile, demand for skilled trading is expected to surge, and even the AI ​​boom will require workers to build and service facilities that provide all the computing capabilities they need.

He adds that there is already a shortage of large trade workers, and estimates, for example, a 600,000 deficit and nearly half a million construction at the factory.

“There are multiple ways to the American Dream, but our entire education system has focused on (university) education for four years,” Farley said. “Hiring entry workers at high-tech companies has been down 50% since 2019. Is that really a place we want to go to all kids? Artificial intelligence is literally going to replace half of all white-collar workers in the US.”

His AI warning marked the latest warning from top CEOs, particularly about the impact of AI on the workforce on the workforce, especially for office workers.

Last month, Amazon CEO Andy Jassy said Company corporate workers will shrink in the coming years because of AI.

“There are fewer people doing some of the jobs that are being done today, and more people doing other kinds of jobs,” Jassy said. I wrote a note to an employee. “It will be difficult to know exactly where this is online over time, but over the next few years, this is expected to reduce the total workforce of businesses.

Furthermore, Dario Amody, CEO of humanity I said axios In May, AI was able to eliminate half of all entry-level white-collar jobs, bringing unemployment to 20% over the next five years. The latest employment report showed that the unemployment rate was 4.1% in June.

There are already signs that AI is threatening the types of jobs that have been historically useful Stepping stones for young workers.

Anesh Raman, Chief Economic Opportunity Officer at LinkedIn, noted in May that AI tools were doing the type of simple coding and debugging tasks junior software developers did to gain experience. AI also does the work that young employees in the legal and retail sectors once did.

On his part, Ford’s CEO tried to pay attention to skilled trade opportunities, noting that more Americans are also considering trade schools than four-year universities.

“We all feel that America can do better than we do,” Farley said last week. “We need a new way of thinking that will help to succeed in the importance of this essential economy and the importance of vitality and sustainability as a nation.”