June 13, 2004
Whether you like it or not, the natural laws of supply and demand will win out over laws passed by well-meaning legislatures every time, and there's nothing anyone, even liberals, can do about it ("Assembly OKs Wage Increase," May 27). In the long run, people get paid what their skills are worth to an employer -- no more and no less. Setting a higher "minimum wage" does no good for anyone except the liberals who sleep better at night with the (false) belief that they have done something good for poor people (or at least have won their votes)
February 14, 2004 |
Tuition at some of New York's top private kindergartens will exceed $26,000 for the first time in September, almost as much as the cost of attending Yale or Princeton universities and twice that of the state universities. "It's supply and demand," said Nina Bauer, a counselor at Ivy Wise Kids, a service that for $5,000 coaches parents on how to prepare 4- and 5-year-olds for tests and interviews. "Wall Street got big bonuses this year. Everyone is just dying to get in."
July 31, 2008
'The futures market is a zero-sum game. For anyone who wants to buy oil, someone has to sell it. If the price goes up, the buyer makes a profit and the seller loses, and vice versa. For every winner there is a loser. This serves to stabilize the market but does not change supply and demand.' -- Gary Robb, Los Feliz, on a July 23 story about a finding by a federal interagency task force that supply and demand, not oil speculation, explain the record rise in oil prices
CALIFORNIA | LOCAL
October 11, 1996
At the same time that there is a hue and cry that the rise in minimum wage to $4.75 per hour will cost jobs, the sign at a McDonald's in Hilliard, Ohio, reads "Now hiring, all shifts, $7.00 per hour." Supply and demand does the best job of regulating wages. In California there is too much supply. SHIRLEY E. ROTH Fountain Valley
May 24, 2011 |
Gasoline prices dropped nearly 10 cents in the state in the last week — the biggest one-week drop in California since December 2008, according to the U.S. Energy Department. The fall in prices should accelerate in spite of the fact that the Memorial Day weekend is usually one of the biggest periods of the year for fuel demand, analysts said. The average cost of a gallon of self-serve regular gasoline in California fell 9.7 cents to $4.121 since last week, according to the Energy Department's weekly telephone survey of service stations.
CALIFORNIA | LOCAL
November 29, 1999
We are spending hundreds of millions of dollars trying to curb the flow of illegal drugs into this country. Much of this money is being spent in the countries where the drugs originate. The flow of drugs follows the law of supply and demand. If there were no demand, there would be no supply. How about turning our attention to the millions of people in this country who are users of recreational drugs? Not that the drug enforcement people are neglecting this approach entirely. They are busy cracking down on those who use marijuana as medicine.