There is oversupply of everything !
From the Telegraph
The USA is facing one of the most difficult issues of its time.
The country is facing a cheese glut. Despite cheeseburgers and oozing deep-dish pizza being two defining culinary exports of the country, they still have so much delicious dairy product they can't eat it all.
US dairy farmers boosted production in recent years because of soaring dairy prices..........................................
The glut is so big that every person in the country would need to eat an extra 3 pounds this year to work it off.
It doesn't seem like this problem will go away anytime soon.
The CEO of Dean Foods, the largest US dairy company, said last month: “US butter and cheese prices remaining uncompetitive versus the international market. We continue to see a decline in overall U.S. dairy exports.”
Why is this happening?
Nine Robots whose cost will decline over time if only because of scale economies can do the job of 140 full time workers.
Ben Bland, FT China Robot revolution
with robots that can work 24 hours a day without stikes or rest time we will have excess everything soon
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