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How many famines have happened because ample food was readily available, but farmers didn't want to pay a slightly elevated wage to workers to pick the food? I
by LetMePostMore 2y ago
How many famines have happened because ample food was readily available, but farmers didn't want to pay a slightly elevated wage to workers to pick the food?
In this scenario, some farmer is going to choose to pay $20/hr for farm workers, and rake in insane profits if there really is a famine. In fact, almost all farms would choose to pay more to collect their food and sell it at a large premium in the case of a food shortage.
- ceejayoz 2y ago> some farmer is going to choose to pay $20/hr for farm workers And hope that in six months, the trade war hasn't been settled? They won't be paid until the crop matures, and there's a lot of labor before that point. You're also competing with other countries, from whom we already import agricultural goods at reasonable prices. Again, decisions that lead to famine don't do so instantly.
- LetMePostMore 2y agoLiterally what futures contracts were invented for.
- ceejayoz 2y agoYeah, that never goes badly. https://en.wikipedia.org/wiki/Onion_Futures_Act https://en.wikipedia.org/wiki/Onion_Futures_Act You're full of easy solutions to tough problems, aren't you?
- LetMePostMore 2y agoPlease show me any part of our modern world that has not gone wrong in some way at some time some how.