The barbers who have turned farmers will drive down the wage rate but will still be earning more than if they had remained barbers.

The barbers who have turned farmers will drive down the wage rate but will still be earning more than if they had remained barbers. In equilibrium the wages in the two occupations will be equal IF all other characteristics of the jobs are equally desirable (a BIG assumption). G. Who benefits from technological progress in farming Farmers or barbers?