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Lowe's CEO Marvin Ellison says trade jobs can be six-figure careers
Fox Business • • business
Key Points:
- Lowe's Foundation is launching the "Building Futures Skilled Trades Coalition" to train and develop one million skilled trades workers by 2035, focusing on careers like plumbing, electrical work, welding, and HVAC.
- The coalition includes major companies such as NVIDIA, Bank of America, General Motors, and AT&T, and aims to invest in training programs through community colleges and nonprofits while connecting people with job opportunities.
- Lowe's CEO Marvin Ellison emphasized that skilled trades offer six-figure salaries without requiring a four-year college degree, challenging the perception that a college degree is the only path to success.
- Ellison highlighted his personal background as an example of achieving the American dream without a traditional education and stressed the economic risks of not addressing the skilled labor shortage, which could lead to 2.1 million unfilled jobs and $1 trillion in annual losses by 2030.
- This initiative builds on a prior $250 million commitment from the Lowe's Foundation to train 250,000 tradespeople, signaling a broader effort to close the national skilled trades gap.
