Monday, March 16, 2015
$2 trillion underground economy may be recovery's savior
The underground economy is the work the US citizens do under the table. In this line of work no incomes are reported and no taxes are paid. The income this hidden economy brings in is beneficial. Much of the money made goes back into the economy, boosting it. Also positively many of this work is not illegal jobs. This is another factor that plays into businesses especially small being saved by cutting expenses with these workers. This economy can affect businesses from hiring workers in the first place. Negatively these underground workers affect tax payers. Taxes could be lowered if the underground workers were paying taxes. These workers do not get benefits that many jobs do such as heathcare or social security. In conclusion the bad outweighs the good with benefits and negatives.
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