South Korea Builds a Ship Every Week. America Manages 1.5 a Year — Dimon Has a Fix

Executive Briefing

• Warns U.S. shipbuilding faces critical labor shortage, requiring 300,000 electricians and welders within a decade.
• Skilled trades jobs offer $80,000–$100,000 salaries after one to two years of training, without college debt.
• JPMorgan commits $24 million to Philadelphia Navy Yard, funding a submarine facility and apprenticeship expansion.
• South Korea delivers roughly one ship per week; the Philadelphia yard currently produces one to 1.5 annually.
• Major corporations including Meta, BlackRock, and Lowe's have collectively pledged $465 million toward skilled trades training.
• By 2030, an estimated 2.1 million trades jobs could go unfilled, costing the economy up to $1 trillion annually.