Portland Press Herald: The law of supply and demand too corrupted to help U.S. wage earners
Op-Ed by John Buell
Portland Press Herald, June 26, 2014
SOUTHWEST HARBOR — ... Economists like to explain changes in salaries for baseball players, corporate CEOs and hedge fund managers by citing and validating “market forces” and supply and demand. ...
Wal-Mart wages are determined by supply and demand, but once again the question is who is shaping and gaining leverage in this market. Wal-Mart has its own version of the reserve clause. Through an aggressive competitive strategy, it has cornered the retail market – especially in many rural communities. Thus, it limits options in the...