The Traderszone Network

Published in TZ Latest News 13 August, 2016 by The TZ Newswire Staff

As Robots Replace Farm Workers, Why Payback Is A Bitch

Soaring minimum wages in states like California have a disproportionate effect on businesses that employ low-skilled labor.  The farming industry is among the hardest hit with substantial labor inputs required to perform low-skilled tasks like harvesting, pruning and weeding.  The problem (or opportunity depending on your perspective), of course, is that higher labor costs make returns on capital projects that much more enticing.  

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