US agriculture is highly capital-intensive, employing about 2% of the workforce while producing enormous output; a high standard of living in agriculture requires immense capital and therefore can only support a small number of workers, which is why hand-picked crops like coffee cannot dramatically raise farmers' living standards.

factualpending

Speaker

Russ Roberts

Evidence Quote

it employs almost no one... about 2% of the work for and produces an enormous amount of food

Source

Mike Munger on Fair Trade and Free Trade 12/3/2007EconTalk
Created: 6/17/2026, 10:31:24 AM

My Notes

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