Jim Farley, CEO of Ford, warned that artificial intelligence could replace half of all white-collar jobs in the U.S. He highlighted the importance of skilled trades amid a decline in tech hiring and noted the American education system's focus on four-year degrees rather than trade skills. Other executives share concerns, while some believe AI may create more jobs. The conversation about AI's impact on employment continues, reflecting varied perspectives among industry leaders.
"Artificial intelligence is going to replace literally half of all white-collar workers in the US," Farley said. That's why, he said, more people are looking to the skilled trades.
Farley warned, though, that the American education system focuses on four-year degrees instead of the trades, while hiring at tech firms is falling rapidly.
Look around the room," he said in his opening remarks. "At some point, almost all of your families came from these kinds of jobs."
Anthropic CEO Dario Amodei said in May that AI could eliminate half of entry-level office jobs within five years. Companies and governments should stop 'sugarcoating' the risks.
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