Comments on: Bernanke to the Rescue…Watch Out! http://rudeawakening.agorafinancial.com/2007/09/28/bernanke-to-the-rescuewatch-out/ Hot Coffee In the Face of Wall Street Thu, 05 Nov 2009 06:41:47 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Bernanke to the Rescue…Watch out! http://rudeawakening.agorafinancial.com/2007/09/28/bernanke-to-the-rescuewatch-out/comment-page-1/#comment-795 Bernanke to the Rescue…Watch out! Thu, 19 Mar 2009 19:20:12 +0000 http://www.agorafinancial.com/afrude/2007/09/28/bernanke-to-the-rescuewatch-out/#comment-795 [...] Bernanke to the Rescue…Watch Out! [...] [...] Bernanke to the Rescue…Watch Out! [...]

]]> By: Skip http://rudeawakening.agorafinancial.com/2007/09/28/bernanke-to-the-rescuewatch-out/comment-page-1/#comment-24 Skip Fri, 28 Sep 2007 22:29:14 +0000 http://www.agorafinancial.com/afrude/2007/09/28/bernanke-to-the-rescuewatch-out/#comment-24 <i>“In 1980 laborers made about $8/hr (before taxes), in 2007 it’s $13/hr with spikes to $18 or more when timing is critical and more laborers are needed. As these costs rise, I think Mr. Kunstler will be shown to be right in this area and we will be hiring more “gringos” for agricultural labor.</i> By my calculations $8 in 1980, has the same buying power as $20.19 in 2007. So it seems to me that Farmer Jay's labor costs are actually much less than they were 27 years ago and are not rising. “In 1980 laborers made about $8/hr (before taxes), in 2007 it’s $13/hr with spikes to $18 or more when timing is critical and more laborers are needed. As these costs rise, I think Mr. Kunstler will be shown to be right in this area and we will be hiring more “gringos” for agricultural labor.

By my calculations $8 in 1980, has the same buying power as $20.19 in 2007. So it seems to me that Farmer Jay’s labor costs are actually much less than they were 27 years ago and are not rising.

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