|February 28th, 2012|
People generally get really upset at this, calling it price gouging. I don't understand why: wouldn't you rather go to the store and find that bottled water was available if you were willing to pay enough than that they were out? Worse, this keeps sellers from spending more to make more water available:
"Businesses and individuals cannot and should not take advantage of this public emergency to unfairly charge consumers far beyond what they would typically charge for water. Our office will be sending out inspectors to review reports of price gouging and also conduct spot-checks of local businesses ..."If it were legal to charge more for water in an emergency they could deal with their driver shortage by offering to pay big overtime bonuses to work on a Sunday. Or would that be price gouging by the drivers?
Bottled water manufacturers said they were increasing production, but that their ability to supply the region was limited by a shortage of drivers on Sunday. -- Boston Globe