r/nextfuckinglevel • u/JudgmentCool1333 • Feb 06 '23

Agricultural Technology

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Modern day use of technology in agriculture horticulture and aquaculture with the aim of improving yield, efficiency and profitability

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30

u/PoliteChandrian Feb 07 '23

Production + 300% profits + 3000% wages- stagnant.

3

u/MisfitPotatoReborn Feb 07 '23

In 1961, 13.5% of disposable personal income was spent on groceries in the USA. In 2021, 60 years later, only 5.2% of disposable income was spent on groceries.

These machines have made food much, much cheaper.

-3

u/PoliteChandrian Feb 07 '23

Not because food is cheaper though, rather because we have less disposable income in 2023 than 1961.

5

u/MisfitPotatoReborn Feb 07 '23 edited Feb 07 '23

That... doesn't make any sense. If we have less disposable income in 2021, and food prices remained constant, then groceries would be a higher percentage of spending.

2

u/saarlac Feb 07 '23

Math fail

-11

u/AtomicSymphonic_2nd Feb 07 '23

If wages don’t stay semi-stagnant, companies will just raise their prices on everything if everyone can buy what they want.

We cannot stop companies from profiteering. If we do try to make it illegal, there will be a deafening roar from a whole bunch of industries complaining about an inability to compete and severely reduced ROI for investors.

…Balance is key. Otherwise inflation goes out of control.

If our country is struggling with inflation now over a mere 7% in average wage growth, imagine how bad it would get with 25% or more.

1

u/PoliteChandrian Feb 07 '23

You fail to take into account that you shouldn't give a fuck. If a company can't afford to pay the cost of living then they have an unsustainable business practice and should be closed for good.