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Why aren't they just raising wages? There are many people who can work and need jobs simply a matter of finding the clearing price and passing it on to us consu
by robk 7y ago
Why aren't they just raising wages? There are many people who can work and need jobs simply a matter of finding the clearing price and passing it on to us consumers which I'm very happy to bear.
- pjc50 7y agoThe price is set by wholesalers, especially supermarkets. I'm not convinced they can re-eqilibriate the market before the harvest spoils.
- lotsofpulp 7y agoIf the wholesalers want the product to sell it, then they will change the price so that it makes sense to harvest it.
- deleted 7y ago[deleted]
- s1artibartfast 7y agoIf this price is too high, the wholesalers will not be able to sell it and choose not to buy it
- lotsofpulp 7y agoThen that would indicate there is no market clearing price for the product so farmers will stop producing it. I.e. people can't afford it anymore.
- PeterisP 7y agoIIRC there's a lot of futures trading in food just because of this issue - so that you can get market equilibrium and price setting done beforehand, not between harvest and delivery as the food is spoiling.
- bluGill 7y agoThere are many people who can work. Will they though? It is hard labor. If you can get enough to live on without working why would you take that job? I wouldn't take farm labor of the type they need if I had any other options. Driving a tractor I could do, but there are plenty of those people already.