The Underground Economy
Last week, Senator Kerry and Rep. John Tierney held a field hearing at Bunker Hill Community College in Chelsea, Mass. on "The Effects of the Underground Economy on Small Businesses and Workers".
“Cheaters and unscrupulous employers have created an underground economy as big as $1 trillion. Worse, workers right here in Massachusetts are being taken advantage of and not getting the benefits and protections they deserve,” said Senator Kerry, Chairman of the Committee on Small Business and Entrepreneurship. “When some employers misclassify workers or go off the books, it hurts all workers and businesses who play by the rules. We’ve got to level the playing field, enforce the laws, and ensure everyone who works an honest day gets a fair pay, Social Security, unemployment benefits, and other protections they’re entitled to.”
NECN reported on the hearing.
Although I can't find video of the hearing, I was able to locate a short documentary on the impact of the underground economy and worker misclassification on tax revenues, on workers' rights, and on business owners who play by the rules and struggle to compete in an unfair environment. Addressing the tax revenues lost to the underground economy is a step toward reducing George Bush's legacy of massive debt left for our children and grandchildren, and prosecuting employers who take advantage of workers will level the playing field for those business owners who follow the rules. As the Senator notes, it's illegal business practices that are driving the influx of undocumented workers in this country. It's time to stop blaming people who are taking whatever jobs they can get to feed their families and start looking at employers who are willing to do whatever it takes to feed their wallets.
Video Credit: concernedcitizen








