Re:Americans Want to Believe Jobs Are the Solution to Povert...
by michaelt on Wednesday September 12, 2018 @06:00AM
(#17966974)
Doesn't the average consumer spends a lot more than $530 a year on farmed goods?
Re:Americans Want to Believe Jobs Are the Solution to Povert...
by jpttsn on Wednesday September 12, 2018 @03:25AM
(#17966240)
I dont think the average consumer wants to pay $25 more per year.
Re:Americans Want to Believe Jobs Are the Solution to Povert...
by Tempest1981 on Wednesday September 12, 2018 @04:16AM
(#17966456)
We do like inexpensive merchandise.
”For a typical household, a 40 percent increase in farm labor costs translates into a four percent increase in retail prices (0.30 farm share of retail prices x 0.33 farm labor share of farm revenue = 10 percent, farm labor costs rise 40 percent, and 0.4 x 10 = 3.6 percent). If farm wages rose 40 percent, and the increase were passed on fully to consumers, average spending on fresh fruits and vegetables would rise by about $21 a year (4 percent x $530 = $21).
Giving seasonal farm workers a 40 percent wage increase, on the other hand, would raise their average earnings from $11,720 for 1,000 hours of work to $16,400, lifting the average worker above the federal poverty line of $11,770 for an individual in 2015.”
https://migration.ucdavis.edu/rmn/more.php?id=2005