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Informal Economies
Chris Berardi — Nov 20, 2008
The informal economy comprises the parts of the economy that are not regulated. These parts include illicit activity like the sale of drugs, architects doing work under the table, hairdressers who operate in cash and don’t report their income, businesses employing illegal workers, and businesses operating without government required licenses. Informal economic actors are often self-employed, or are employed elsewhere and operating an informal business on the side as a means …
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Predatory Business Practices: Automobile Financing
Rachel Jones — Nov 12, 2008
Poverty is an ever-growing problem affecting much of the country. People fall into financial holes and certain industries make sure that they stay there. Low-income individuals are targets for businesses that make their money by providing needed benefits now with an exorbitant cost later. Jacob S. Hacker, a political scientist at Yale, has said that low-income people are forced to live beyond their means by businesses that target them. According to a series in The …