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Economy

Looking at Michigan's 'shadow economy'

Money
Andy
/
Flickr

We turn now to what’s known as the “underground economy.”

When jobs are scarce, people will do whatever they can to put a meal on the table, pay the mortgage or the rent. Whether it's odd jobs, selling plasma, doing home repairs and getting paid under the table, people are doing it.

One economist gave a best-guess estimate of two trillion dollars worth of this underground activity in the nation last year -- that’s nearly eight percent of the Gross Domestic Product.

Reporter Lynn Moore wrote a piece about the shadow economy in Michigan and she joined us today.

*Listen to the audio above.