The underground economy more than doubled between 1970 and 2000, and spiked following the 2008 recession. It is characterized by significant lower wages than the formal economy.
As Republican women's clubs plan to celebrate the 95th anniversary of women's right to vote, voting rights continue to be under serious assault.
Simon Johnson, former chief economist of the International Monetary Fund, is a professor at the MIT Sloan School of Management, a senior fellow at the Peterson Institute for International Economics, and a member of the CBO’s Panel of Economic Advisers. He is a co-founder of The Baseline Scenario.