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Some economists credit carmaker Henry Ford for jump-starting the American middle class in the 20th century when, in January 1914, he hiked factory wages to $5, more than double the average wage for an eight-hour work day. More than 100 years later, facing the reality of many employees “barely getting by,” Ford CEO Jim Farley … Read more
Automakers are in revolt over Apple CarPlay, and some, like Ford CEO Jim Farley, are questioning how much control the tech company should have over a car’s systems. At the center of the conflict between Big Tech and Big Auto is CarPlay Ultra, the newest version of the popular CarPlay system that can mirror a … Read more
AI has disrupted entry-level white-collar employment, but blue-collar workers are still looking for clues on how the tech will shape the essential economy going forward. Ford CEO Jim Farley said it’s too early to know just how AI may help or hurt essential workers—those working in sectors like manufacturing, skilled trades, and infrastructure. “I hope … Read more
The United States can’t actualize its moonshot AI goals if it’s lacking key workers to bolster the infrastructure to build the technology, according to Ford CEO Jim Farley. With AI predicted to balloon to a $4.8 trillion market by 2033, Farley warned the U.S. has overlooked the labor needed to build and sustain data centers … Read more
Ford CEO Jim Farley recently became the latest corporate boss to sound the alarm about artificial intelligence’s impact on workers. During the Aspen Ideas Festival last week, he highlighted the importance of the “essential economy”—which he defined as everything that gets moved, built or fixed—while saying blue-collar skilled trades have been neglected. The U.S. spends … Read more
Ford CEO Jim Farley expressed skepticism about the technological approach to self-driving cars being pursued by Tesla, citing consumer “trust” and the need to “be really careful” as reasons why Ford sees more potential in systems based on laser sensors like those in Waymo vehicles. The comments are the latest indication of the auto industry’s … Read more
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