What Farm Labor Shortage?
The Point of Law blog links to a CNBC video about farm profits that shows "as profits went up, farm labor expenses went down." I"t's just basic economics. The overall cost of labor on farms is falling. The cost of seasonal labor is rising but at a rate far less than revenues. That implies that supply of labor is outstripping demand. Which is to say, farmers may be screaming about labor shortages but their checkbooks are telling a very different story," John Carney said on CNBC.