This is just one of the stories from our “I’ve Always Wondered” series, where we tackle all of your questions about the world of business, no matter how big or small. Ever wondered if recycling is worth it? Or how store brands stack up against name brands? Check out more from the series here.
Tom Green asks:
How large is the underground economy — the cash exchange for goods and services, such as waiters’ tips, that are not reported to the IRS?
This shadow economy is made up of street vendors, musicians, babysitters, farm workers and anyone else who may not report income to the government.
Some people call it the shadow economy, the underground economy, the informal economy, the clandestine economy or the gray economy. Whatever you call it (we’ll go with “shadow…
