$2 Trillion Underground Economy May Be Recovery’s Savior

“The shadow economy is a system composed of those who can’t find a full-time or regular job. Workers turn to anything that pays them under the table, with no income reported and no taxes paid.  Shadow economies are usually associated with illegal activity, such as drug dealing. But anecdotal evidence indicates that off-the-books work in today’s job market includes personal and domestic workers, such as housekeepers and nannies.  It also includes firms that hire hourly or day construction labor, information technology specialists and Web designers. Many who have a job that doesn’t pay enough take another one that pays under the table.”

http://www.cnbc.com/id/100668336

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