this post was submitted on 13 Nov 2024
755 points (95.8% liked)
Technology
59340 readers
5417 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Food prices will go up, not down. I think everyone cares about food prices right now.
I’m not just talking about outdoor crop picking work. A friend was laid off from a food production company this week and Trumps not even sworn in yet. You can’t make this stuff up it’s so ridiculous. So, anticipate job losses for non immigrants as well.
2/3 of the factory line is Hispanic, and the majority of that is rotating work visa people. In this way, you can pay much lower wages.
Part of it was tariff threat, no one would place orders, everyone’s on hold on the production/supply/buyer chain, waiting for January, so the income of the business dropped to zero this week and is projected to stay there through January. Again, this is food production, not bread or flour, or anything basic like that, but it’s still food.
So, with no income and the threat of loss of cheap production labor, all the American citizens were laid off this week. Whether or not the business will eventually declare bankruptcy is undecided, but that talk is definitely on the table.