February 23, 2014
Re "Better than a minimum wage," Opinion, Feb. 21 USC economist Larry Harris says that instead of raising the minimum wage, low wages should be beefed up by government wage vouchers. Harris mentions that payroll taxes would increase with more employment, but since this would be facilitated by government money, it would be the dog chasing its own tail. Arguing that wage subsidies would be better than boosting the minimum wage, Harris says that business owners follow the market principle of supply and demand.
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
July 17, 2013 |
Underneath the spectacular home price gains in the Southland this year is a story of supply and demand. On Tuesday, the real estate research firm DataQuick reported a 4.6% increase month-over-month in the median home price and a whopping 28.3% jump from the same month last year to hit $385,000. That was the highest year-over-year gain for any month in DataQuick's records going back to January 1989. That jump in the median price came as sales fell 6.2% from May 2013 and were down 2.1% from June 2012.
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