Rise of Underground Economy; Whom Does Economy Serve?
The Rise of the Underground Economy. A growing portion of the underground economy involves illegal practices within legal sectors such as construction, auto repair, food service, car washes and nail salons. Practices include the violation of labor, tax, insurance and licensing laws. These activities are detrimental not only to the workers in these industries, but also to the US public.
Whom Does Our Economy Serve? Instead of using their record profits to invest in innovation or pay their workers more, the biggest companies are now using those profits just to buy back their own stock. Stock buybacks don’t grow the economy as a whole; they just make giant, rich corporations – and their CEOs – even richer.
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