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James Farley
President, Chief Executive Officer & Director, Ford Motor Co

Bonus Episode: Jim Farley & Mike Rowe on the Essential Economy

📅 May 08, 2026 Jim Farley 25 MIN 591 VIEWS 10 SEGMENTS · 2 SPEAKERS
In this bonus episode of DRIVE, Ford CEO Jim Farley continues his conversation with Mike Rowe about the “essential economy” and why America is increasingly vulnerable due to shortages of construction, industrial, emergency services, and skilled trade workers. Rowe explains how COVID re-highlighted essential workers, how his MikeRoweWORKS foundation began amid the 2009 recession despite millions of open jobs, and why shortages become real to people only when repairs and services fail. Mike and Jim discuss the need to rebuild respect for skilled work through trade schools, scholarships, apprenti...

What James Farley said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

In this bonus episode, Ford CEO Jim Farley discusses the essential economy with Mike Rowe, focusing on the shortage of skilled tradespeople and the need to address it. Farley asks Rowe for advice on what Ford should do, and Rowe suggests aggressive transparency, building internal trade schools, and weaving the narrative into Ford's 2026 story. Farley commits to listening and putting money behind the initiative. Rowe highlights the 7.4 million open positions and 7 million able-bodied men not working, and mentions a $92 billion pledge for data centers. Farley agrees with Rowe's points about the dignity of work and the importance of reconnecting with the workforce.

Key takeaways

  1. Farley says America is in the most vulnerable place ever due to shortages of construction, industrial, and emergency services workers.
  2. Farley commits to putting money behind the essential economy initiative at Ford.
  3. Rowe advises Ford to build internal trade schools and get shop class back in high school.
  4. Rowe notes 7.4 million open positions and 7 million able-bodied men not working, a peacetime first.
  5. Rowe mentions a $92 billion pledge for data center construction in Pennsylvania.

Numbers and commitments

FigureWhat it refers toTypeAt
7.4 million open positions in the essential economy metric 14:04
7 million able-bodied men not working or looking for work metric 14:04
$92 billion pledged for data center construction and energy reinvigoration commitment 14:04
2 million manufacturing jobs the president wants to create metric 14:04
500,000 openings in manufacturing metric 14:04
130 grand a year potential earnings working on heavy equipment price 14:04
$340,000 a year tax-free earnings for an underwater welder price 14:04
$900,000 savings of an underwater welder metric 14:04
1.7 trillion dollars student debt in the U.S. metric 14:04

Chapters

  1. 0:00Introduction to the essential economy
  2. 1:18Vulnerability of the workforce
  3. 2:51Rowe's background and Mike Rowe Works
  4. 9:05Advice for Ford
  5. 13:05Future-proofing work and AI
  6. 14:04The skills gap and job creation
  7. 25:10Farley's commitment

Questions asked in this interview

3
  1. 2:51I really don't want to hear about his problems or his dreams or his hopes or his frustrations, right?
  2. 9:39But you need fans of your brand who are out there saying, 'You know what?
  3. 14:04And if that's not realistic, well, at least get close to it. You know?
Mike Rowe 0:00 ↗
I think that things are changing real fast and people understand that and they want to see how real leadership is pivoting and there's no sin in changing your mind. You know, the sin is in seeing a thing that demands a verdict and not passing a judgment on it.
James Farley 0:30 ↗
I hope you enjoyed this week's Drive episode with Mike Rowe. There's so much more to the conversation that I wanted to share with you. It's about the invisible backbone of our country, the essential economy. This is the engine that shapes everything we build, move and fix at Ford. The essential economy isn't without its many challenges. Stagnant productivity, worker shortages and regulatory hurdles. So, why does this matter to us? Because problems in this vital sector impact all of us with higher costs, longer wait times and fewer opportunities. Addressing these issues isn't just good for the economy, it's good for our future creating more opportunities for everyone.
So, I think you're the perfect person of all things I wanted to... I look forward to talking to you today. This is probably like the top which is I don't think people in America understand yet. But hopefully after listening to you they will do a better job understanding of how vulnerable are what they take for granted is in America relative to our shortage of construction workers, industrial workers, emergency services workers, tradesmen. We are in a really vulnerable place. I would argue the most vulnerable we've ever been. And you're the perfect person to talk to about this problem we have as a country that we have to get serious about. And I guess my first question related to that would be Mike, how would you put or how do you put this essential economy problem we have as a country in terms where someone isn't freaked out about it should be or worried about it. So, like how do you think that problem will manifest itself to the indifferent person who has a comfortable life in America and doesn't really consider how things get done in their life and but they should because it's going to get bad.
Mike Rowe 2:51 ↗
Well, it has to go splat unfortunately. Yeah. Many things do in the course of a correction and what we need is a correction. There weren't a lot of silver linings to COVID but one of them was a reminder of where our bread was buttered and who was doing the buttering. And the essential economy, the essential worker began to re-emerge during the lockdowns. And that opened up a really interesting conversation. I got thousands of letters from people reminding me that Dirty Jobs was the original love letter to those vocations and why wouldn't we reboot it? And so we did. But we did a lot of other things too. My foundation, Mike Rowe Works evolved very organically out of Dirty Jobs back on Labor Day of 2008. And that happened in part... this was a very different environment but just real quick so your listeners understand what was happening that we were entering a recession in 2009. And I was at the... Dirty Jobs is at the height of its popularity. Yeah. And I was living in hotels going all over the country doing these jobs and every morning I'd get up and I'd see another headline and it was always about unemployment. It was always about the number of people who weren't working. And you know, from 7, 8, 9, 10 up to 11 and a half, 12%. But everywhere we were going, not everywhere but most places on Dirty Jobs, I was seeing help wanted signs. And so there was this narrative it seemed in the country that no one was paying attention to and that was rooted in the existence of at the time 2.3 million open positions that no one seemed to give a damn about. So, I started Mike Rowe Works simply as an ad hoc PR campaign for a few million good jobs, dirty jobs but jobs that required training and skill. And just kind of took it upon myself to go to Congress and start being noisy about the fact that even though 12 million people were out of work we've got a few million good jobs that was it a skill gap? Was it a will gap? Like what was the problem? So, that's how this started and to answer your question in those days the whole conversation about reskilling had to do with the fact that you had a bunch of people who needed the skills and a bunch of companies who needed the people. So, why couldn't these two groups... Right. But your question is important because it talks about the 300 million other people who are typically not a part of the conversation. And those people don't care about a shortage of plumbers until their toilet doesn't flush. Yeah. And then the question becomes how long do you wait? You know, a day? An hour? A week? You know, you flick the switch and the light doesn't come on. How long do you wait for the electrician? So, that has started to happen and people are starting to say, 'Well, wait a second.' especially with the lockdown, right? I mean we can't have this conversation without the fiber optics in the ground and suddenly you realize again, my whole business for a couple of years was down to a fiber optic line and I didn't even know the guy who was responsible for maintaining it. Yeah. And so what has to happen in general I believe is we have to get reconnected as a country to that part of the workforce upon which we rely most profoundly. And that's a hard thing to do because there's some fault in our stars that leads us to resent that which we rely upon. Right? Like when I see someone who's incredibly gifted, maybe an electrician and let's say I need one. Yes. Well what's going on with me? Like why am I angry that I'm waiting? Why do I feel put upon? Why am I upset with a shortage of electricians? The macro economist in me would say, 'Well, because a healthy economy can't have this shortage blah blah blah blah blah.' But really what's going on with me is that I hate the fact that I can't fix this damn thing myself. Yeah. I hate that. I've become... I'm not competent the way I wish I was and the very competence that exists within the electrician is a reminder of my own shortcoming and so I start to resent that guy and I want to keep him at a distance. I really don't want to hear about his problems or his dreams or his hopes or his frustrations, right? So I wrote a book years ago called Profoundly Disconnected and it was really a rumination on my own weird journey of being a kid and being utterly gobsmacked by my granddad's ability to fix or repair anything to this 40-year-old in Hollywood who had become, you know, not maliciously indifferent but just I just lost my wonder for where my food came from and where my energy came from. I see. I see. And that happens. It's not a... it happens to everyone. So, Dirty Jobs reconnected me on a very personal level to all the things in my life that I really depend on but can't do for myself. And Mike Rowe Works was an attempt to tell that story through something a bit more philanthropic.
James Farley 9:05 ↗
Thank you for explaining your perspective on this journey for you and I think you know what's more valuable in life than learning and evolving. You know I usually ask this question at the end of the interview but I want to ask it to you now. If you were head of Ford what do you think I should be doing? I want to walk the walk. We need to solve this. Trade schools, scholarships, apprentice programs, like what advice should you give me as the head of Ford to solve this problem?

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APA, MLA, BibTeX
APA

Farley, J. (2026, May 8). Bonus Episode: Jim Farley & Mike Rowe on the Essential Economy [Interview transcript]. Jim Farley. CEOInterviews.AI. https://ceointerviews.ai/interview/917543/

MLA

James Farley. "Bonus Episode: Jim Farley & Mike Rowe on the Essential Economy." Jim Farley, 8 May. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/917543/.

BibTeX
@misc{farley2026_917543,
  author       = {James Farley},
  title        = {Bonus Episode: Jim Farley \& Mike Rowe on the Essential Economy},
  howpublished = {Interview transcript, Jim Farley. CEOInterviews.AI},
  year         = {2026},
  month        = {may},
  url          = {https://ceointerviews.ai/interview/917543/},
  note         = {Speaker-attributed transcript with timestamps}
}