Keep pulling the thread on California Raisins.
The U.S. Supreme Court sided with farmers against the raisin cartel, ruling that the mandatory diversion of crops constituted an unconstitutional taking of private property.
The U.S. federal government has historically sanctioned and enforced cartels in certain agricultural sectors, such as for raisins.
In the early 2000s, the California raisin cartel mandated that growers divert 47% of their crop from the market to a reserve pool.
A legal challenge against the raisin cartel's mandatory crop diversion program went all the way to the U.S. Supreme Court.
Childcare centers typically operate on razor-thin profit margins despite charging parents high prices.
The maximum price childcare centers can charge is effectively capped by the alternative option for families, where one parent drops out of the labor force.
Cost disease significantly impacts government-provided services like public schools, policing, and firefighting, leading to budget pressures as labor costs rise without corresponding productivity gains.
AI-driven productivity gains in white-collar jobs could potentially reduce the wage gap with service sectors, thereby increasing the labor supply for roles like childcare and home healthcare.
The benefits of economic growth in the U.S. are no longer as broadly shared with the average worker as they were in the past.