LJ

How Commodity Prices Are Hurting Global Economies

The agricultural commodity prices depend not only on monetary policies, but also on weather. Right now, many farmers in China or Vietnam earn no more than US$15 per day. With such a low income, they have to work continuously for three years before they can afford an Apple computer. This is unfair not only for them, but also for any international company wishing to expand its presence in the developing economies.

I believe we are living in a different era. Perhaps, it is a time for the low-paid farmers to get rich.