Earlier quoted context omitted.
> Human time is one of the most expensive resources in farming. Not any more. A combine costs around a million bucks and has a total useful lifespan of about 10,000 hours which is $100 an hour (not counting maintenance and fuel costs which approx doubles this rate) which far exceeds the cost of a human operator. Capital costs exceed labor costs for almost all types of farming these days.
You might check your math here buddy. Sure a combine (which is called that because it does three jobs all at once, reaping, threshing and winnowing) may cost 100$/hr over it's useful lifespan, but it replaces much more than one person (more like 150-300 people), especially when you consider that harvesting is extremely time-sensitive, sometimes in a matter of hours... Edit: after some research and calculations, my es…
The real story of productivity growth is in agriculture, and it's still going on, with autonomous vehicles and robotics. An amazing world we live in, where the process of growing food was capable of such incredible labor efficiency gains. Imagine if medicine was the same way...