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If we raised farm labor wages by 40% it would cost the consumer less than $25 a year. ”For a typical household, a 40 percent increase in farm labor costs trans
by chrisbennet 8y ago
If we raised farm labor wages by 40% it would cost the consumer less than $25 a year.
”For a typical household, a 40 percent increase in farm labor costs translates into a four percent increase in retail prices (0.30 farm share of retail prices x 0.33 farm labor share of farm revenue = 10 percent, farm labor costs rise 40 percent, and 0.4 x 10 = 3.6 percent). If farm wages rose 40 percent, and the increase were passed on fully to consumers, average spending on fresh fruits and vegetables would rise by about $21 a year (4 percent x $530 = $21).
Giving seasonal farm workers a 40 percent wage increase, on the other hand, would raise their average earnings from $11,720 for 1,000 hours of work to $16,400, lifting the average worker above the federal poverty line of $11,770 for an individual in 2015.”
https://migration.ucdavis.edu/rmn/more.php?id=2005 https://migration.ucdavis.edu/rmn/more.php?id=2005
- jpttsn 8y agoI dont think the average consumer wants to pay $25 more per year.
- Tempest1981 8y agoWe do like inexpensive merchandise. http://dilbert.com/strip/2007-05-01 http://dilbert.com/strip/2007-05-01
- michaelt 8y agoDoesn't the average consumer spends a lot more than $530 a year on farmed goods?