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Ford CEO Jim Farley laments he can't fill 5,000 mechanic jobs paying $120K per year: ‘We are in trouble in our country'

1. Ford can't fill 5,000 mechanic openings despite $120K salaries. 2. CEO Jim Farley emphasizes a national shortage of skilled tradespeople. 3. Trade school enrollment surged 16%, but training lags technology needs. 4. Automotive sector faces shortfall of 37,000 trained technicians annually. 5. Demographics and evolving skills hinder recruitment in manufacturing.

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Why Bearish?

The inability to fill critical positions raises operational concerns, impacting productivity. Historical examples show similar labor shortages have led to inefficiencies and revenue declines.

How important is it?

The article directly discusses labor shortages affecting Ford's operations, which could impact stock performance. Given the critical nature of skilled trades in manufacturing, this issue is quite significant.

Why Long Term?

Labor shortages in manufacturing are likely to persist as skill gaps widen. This could hinder growth prospects for Ford and the entire automotive industry.

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