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Directly yes but there are knock on effects. What you say is true only when labor is not scarce. The consequences of having insufficient labor is a large price
by margalabargala 1y ago
Directly yes but there are knock on effects. What you say is true only when labor is not scarce.
The consequences of having insufficient labor is a large price factor. If you can only harvest 30% of your crop and the rest rots in the field because there's no one to pick it, that is outsized.
- hilsdev 1y agoIf you paid a lot more there would be more people to pick it
- margalabargala 1y agoTrue! And then the labor cost of food would no longer be near the bottom of the price factors.