We've got a whole thrust in this country of "Everyone goes to college." Wrong -- not everyone should go to college.

Fortune Magazine:  A CEO's No. 1 job is deciding which businesses to be in, and Emerson Electric's David Farr is making changes. 

Can you find those highly skilled technology-apt workers you need? 

That is the No. 1 challenge for us right now. We've got a whole thrust in this country of "Everyone goes to college." Wrong -- not everyone should go to college. We need people in a facility who can weld, who can repair things. Technical schools have really dropped off, and we've been funding a lot of technical schools because that is a skill set we need. The No. 1 threat to growth and manufacturing in the U.S. is not only engineering but the technical base to run factories. You and I can't run a factory. You need the technical skills.