40 acres & 15 college kids Thoughts on managing workers for 31 years
publication date: Jun 1, 2013
The question, “To hire or not to hire?,” posed in many a rural hamlet, is an evasion masquerading as a choice. It is disposed of by reference to the Law of Comparative Advantage, Farmer’s Version: Assume I pick and bunch beets faster than beans. Assume, further, that I pick beets and beans faster than someone hired. It STILL pays to have him or her picking beans slower than I would (while I zoom through the beets generating my optimum return), AS LONG AS there is some NET return from the worker’s bean picking. It is the VOLUME of the several workers’ net returns that gives you enough to live on.
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