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The US is a net exporter of food, and yet the price of food has significantly undershot headline inflation over 30 years.
by dcolkitt 5y ago
The US is a net exporter of food, and yet the price of food has significantly undershot headline inflation over 30 years.
- andy_ppp 5y agoInteresting! I don't know enough about the US agricultural system but I suspect technology plays a big part in that reduction in cost... I found this amazing raspberry picker for example! https://www.youtube.com/watch?v=3iXJFDoKEvI&ab_channel=OxboInternational https://www.youtube.com/watch?v=3iXJFDoKEvI&ab_channel=OxboI... Maybe you're right and everything would just be made with machines in the West if China wasn't cheap to source things from. But then we come back round to what do you do with the bottom half of workers...