Quote:
Originally Posted by Awesome!  I don't think farmers would have to redevelop their sources of labor. I don't think they could find enough labor not due to an hourly rate, but due to work ethic, as they already pay a lot for labor. Illegals negotiate labor too. You would be surprised. Based on that you wouldn't see a 6% increase, it would probably be between 30% and 40% and a lot of work would not get done. |
Not to be picky, mind you, but going from an 8% labor factor to a 12% labor factor, is, well, a 50% increase in labor. At the same time, a 50% increase in the labor factor, amounts to only about a 4% increase in the final price of the produce, if everything else stayed the same.