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Fortune
Fortune
Nick Lichtenberg

Ford CEO Jim Farley teams with Jamie Dimon on $2 billion initiative as he fears the ‘backbone of the American Dream’ is crumbling

jim (Credit: Bill Pugliano—Getty Images)

Ford CEO Jim Farley says America’s skilled-trades shortfall has become too large—and too varied by region and occupation—for any employer or state to solve on its own.

“Skilled trades are the backbone of our country and American manufacturing, and the backbone of the American Dream,” Farley told media in remarks accompanying a new report from the Alliance for America’s Skilled Trades, adding that it’s personal for him, as his grandfather was a mechanic and his father grew up around cars. “No one company is going to solve this alone. It’s way too big of a problem,” he insisted.

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