3 ms·
Why is farm business broken out from nonfarm business?
by oh_sigh 3y ago
Why is farm business broken out from nonfarm business?
- berbec 3y agoBecause many of the rules (minimum wage, age restrictions etc) do not apply to farm businesses.
- londons_explore 3y agoI guess it made sense when 80% of the population were farmers, and family farms involved 6 sheep that the 8 year old children liked to help milk... But in today's world of big-business farming, separating it out, either for stats or labor laws, makes no sense IMO.
- ZephyrBlu 3y agoIs there some rationale for this? I'm surprised that farms specifically get a pass on things like that.
- smabie 3y agoIt's just tech debt
- peteradio 3y agoFarm business relies either on family or very low wage immigrant labor. They behave differently enough that it's worth watching them separately.
- jbullock35 3y agoPerhaps partly because farm business is seasonal in ways that non-farm business is not?
- wkyle 3y agoNote that nonfarm payroll is still seasonally adjusted - 156105k vs. 156306k adjusted. The FRED series for NFP with and without sesonality: https://fred.stlouisfed.org/graph/?g=15LPE https://fred.stlouisfed.org/graph/?g=15LPE