lime comments on U.S. orange juice shipments plummet as Canadians find Florida OJ hard to swallow

U.S. orange juice shipments plummet as Canadians find Florida OJ hard to swallow (www.cbc.ca)

submitted 11 months ago by RandAlThor@lemmy.ca to c/canada@lemmy.ca

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[–] lime@feddit.nu 10 points 11 months ago (1 child)

it does. it also drives down the value of the dollar. net result is that you won't see a change.

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[–] Kingcong@sh.itjust.works 8 points 11 months ago (1 child)

That is only true if part of the final product is imported. Since this is about Florida OJ using Florida oranges, it should lead to a decrease in price. Alas, capitalism will not let that happen

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[–] lime@feddit.nu 2 points 11 months ago (1 child)

if the effort involved in production stays the same and the currency depreciates, it would make sense for wages to go up. since they won't, the value of the product decreases. but since the currency has, again, depreciated, the dollar value of the product stays the same.

i think. i know nothing about economics.

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