Follow us: Follow us on Facebook Follow us on Twitter Follow us on Google+ Follow us on Linkedin Follow us on Tumblr Subscribe to our RSS or Atom feed
Friday, September 19, 2014
Southern Weather Radar


Our Writers

  • Adam Peck
  • Alan Gordon
  • Alex Kearns
  • Alex Seitz-Wald
  • Alice Murray
  • Allison Korn
  • Alyssa Cagle
  • Amanda Marcotte
  • Amanda Peterson Beadle
  • Andrea Grimes
  • Andrea Lee Meyer
  • Andrew Bowen
  • Andy Brack
  • Andy Kopsa
  • Andy Miller
  • Andy Schmookler
  • Ann Marie Pace
  • Ann Woolner & Leonard Ray Teel
  • Anna Dolianitis
  • Anna Forbes and Kate Ryan
  • Annelise Thim
  • Anoni Muss
  • April Adams
  • April Moore
  • Ariel Harris
  • Armando
  • Arthur Blaustein
  • Austen Risolvato
  • Austin McMurria
  • Barry Hollander
  • Bert Roughton III
  • Beth Ostlund
  • Betsey Dahlberg
  • Bill Hamm
  • Bill Mankin
  • Bill Montgomery
  • Bill Moyers & Michael Winship
  • Bill Phillips
  • Bill Semple
  • Bill Tush
  • Billy Howard
  • Bob Bohanan
  • Bob Pritchard
  • Booth Malone
  • Bootsie Lucas
  • Boyd Lewis
  • Brad Clayton
  • Braden Goyette For ProPublica
  • Brett Martin
  • Brian Randall
  • Brianna Peterson
  • Bruce Dixon
  • Bruce E. Levine
  • Burton Cox
  • Candice Dyer
  • Carl Kline
  • Carol Carter
  • Casey Hayden
  • Cathleen Hulbert
  • Center for American Progress
  • Chantille Cook
  • Charles Finn
  • Charles O. Hendrix Jr.
  • Charles Seabrook
  • Charles Walston
  • Chelsea Toledo
  • Chelsey Willis
  • Chris Bowers
  • Chris Kromm
  • Chris Wohlwend
  • Christopher Burdette
  • Chrys B. Graham
  • Chuck Collins
  • Cliff Green
  • Cody Maxwell
  • Collin Kelley
  • Craig Miller
  • Crissinda Ponder
  • Dallas Lee
  • Dan Kennedy
  • Daniel Flynn
  • Daniel K. Williams
  • Daniel Palmer
  • Danny Fulks
  • Dante Atkins
  • Darby Britto
  • Dave Cooley
  • Dave Johnson
  • Dave Pruett
  • David Bradford
  • David Evans
  • David Harris-Gershon
  • David Jenks
  • David Kyler
  • David Rotenstein
  • David Swanson
  • Dean Baker
  • Deb Barshafsky
  • Debbie Houston
  • Deborah Chasteen
  • Denise Oliver Velez
  • Dennis McCarthy
  • Desiree Evans
  • Dian Cai
  • Diana Delatour
  • Dina Rasor
  • Dindy Yokel
  • Doc
  • Don Lively
  • Don O'Briant
  • Door Guy
  • Doug Couch
  • Doug Cumming
  • Dr. Brian Moench
  • Dr. Nick De Bonis
  • E. David Ferriman
  • Earl Fisher
  • Eden Landow
  • Eileen Dight
  • Eleanor Ringel Cater
  • Elizabeth Shugg
  • Ellen Brown
  • Elliott Brack
  • Erin Kotecki Vest
  • Fatima Najiy
  • FishOutofWater
  • Francisco Silva
  • Frank Povah
  • Fred Brown
  • Frederick Palmer
  • Gadi Dechter, Michael Ettlinger
  • Gail Kiracofe
  • Gaius
  • Georgia Logothetis
  • Gib Ennis
  • Gina Williams
  • Gita M. Smith
  • Glenn Overman
  • Gordon Anderson
  • Gregory C. Dixon
  • Gryphon Corpus
  • Hamp Skelton
  • Harriet Barr
  • Heather Boushey
  • Henry Dreyer
  • Hollis B. Ball III
  • Hugh
  • Hyde Post
  • Ian Kim
  • Ian Millhiser
  • Isabel Owen
  • Ivy Brashear
  • J.A. Myerson
  • Jack deJarnette
  • Jack Wilkinson
  • Jacklyn C. Citero
  • Jake Olzen
  • James Hataway
  • James Marc Leas
  • James N. Maples
  • Janet Ward
  • Jasmine Burnett
  • Jason Palmer
  • Jason Parker
  • Jay Thompson
  • Jeff Cochran
  • Jeff Davis
  • Jeff Rayno
  • Jeff Spross
  • Jennifer Hill
  • Jesse Harwell
  • Jessica Luton
  • Jim Bentley and Jeff Nesmith
  • Jim Clark
  • Jim Cobb
  • Jim Fitzgerald
  • Jim Newell
  • Jim Stovall
  • Jim Walls
  • Jim Warren
  • Jimmy Booth
  • Jing Luo
  • Jingle Davis
  • Joan Donovan
  • Jodi Jacobson
  • Jody Wegmueller
  • Joe Earle
  • Joe Shifalo
  • Joel Groover
  • Joey Ledford
  • John A. Tures
  • John Dembowski
  • John Hickman
  • John M. Williams
  • John Manasso
  • John Sugg
  • John Tabellione
  • John Yow
  • Jon Sinton
  • Jonathan Grant
  • Joni Hunnicutt
  • Jonna Pattillo
  • Joseph B. Atkins
  • Joseph Gatins
  • Josh Dorner
  • Josh Sewell
  • Joy Moses
  • Judith Stough
  • Judy McCarthy
  • Juli Ward
  • Julian Bond
  • Julianne Wyrick
  • Julie Ajinkya
  • Julie Puckett Fodera
  • Just Plain Will
  • Kaili Joy Gray
  • Kate Greer
  • Kate McNally
  • Kathleen Brewin Lewis
  • Kathleen Harbin
  • Kathleen R. Gegan
  • Kathryn Hoffman
  • KC Wildmoon
  • Keith Graham
  • Ken Edelstein
  • Ken Haldin
  • Kevin Austin
  • Kevin Duffy
  • Kip Burke
  • Kirk McAlpin
  • Kirsten Barr
  • Kos Moulitsas
  • Kristie Macrakis
  • Lacey Avery
  • Lamont Cranston
  • Laura Clawson
  • Laura Smith
  • Laurence Lewis
  • Lawrence S. Wittner
  • Lee Leslie
  • Lee Robin
  • Les Eatwell
  • LikeTheDew
  • Linda Hunt Beckman
  • Linda Jordan Tucker
  • Lisa Byerley Gary
  • Lisa Kerr
  • Lois Beckett, Propublica
  • Lorraine Berry
  • Louie Clay
  • Louis Mayeux
  • Lovell Jones, Ph.D.
  • Lucy Emerson Sullivan
  • Lucy Guest
  • Maggie Lee
  • Maisha White
  • Mandy Richburg Rivers
  • Margi Ness
  • Marian Wang, ProPublica
  • Marie Diamond
  • Mark Dohle
  • Mark Johnson
  • Mark Sumner
  • Martha W. Fagan
  • Mary Civille
  • Mary Elizabeth King
  • Mary Kay Andrews
  • Mary Lee
  • Mary Willis Cantrell
  • Matt Johnson
  • Matt Musick
  • Matt Renner
  • Matthew Wright
  • Maurice Carter
  • Meg Livergood Gerrish
  • Meghan Miller
  • Melanie Rochat
  • Melinda Ennis
  • Michael Beckel
  • Michael Castengera
  • Michael Ettlinger
  • Michael J. Solender
  • Michael Linden
  • Michael Lux
  • Michael W. Twitty
  • Mike Copeland
  • Mike Cox
  • Mike Handley
  • Mike Lofgren
  • Mike Ludwig
  • Mike Williams
  • Mike ”Hunter” Lazzaro
  • Mimi Skelton
  • Moni Basu
  • Monica Smith
  • Murray Browne
  • Myra Blackmon
  • Nancy Melton
  • Nancy Puckett
  • Nancy Robinson
  • Nancy Rogers
  • Neill Herring
  • Nelly McDaid
  • Nikki Gardner
  • Niles Reddick
  • Noel Holston
  • Occupy Wall Street
  • Overman & Senn
  • Pamela Sumners
  • Pat Garofalo
  • Pat LaMarche
  • Patrick L. Ledford
  • Patsy Dickey
  • Patti Ghezzi
  • Paul Krupin
  • Paul Rutledge
  • Paul Thim
  • Pete & Jack
  • Peter Crawford
  • Peter Turnbull
  • Phil Gast
  • Phil Noble
  • Philip Graitcer
  • Phyllis Alesia Perry
  • Phyllis Gilbert
  • Piney Woods Pete
  • R. P. Singletary
  • R.L. Miller
  • Rafael Alvarez
  • Randy Conway
  • Randy Schiltz
  • Ray Bearfield
  • Raymond L. Atkins
  • Reagan Walker
  • Rebecca Sive
  • Richard Eisel
  • Righton C. Willis
  • Rob Chambers
  • Rob Coppock
  • Rob Douthit
  • Robert Dardenne
  • Robert Jensen
  • Robert Lamb
  • Robert M. Williams, Jr.
  • Robert Mashburn
  • Robert Weiner & Richard Mann
  • Robin Marty
  • Rodney Adams
  • Roger Gregory
  • Ron Feinberg
  • Ron Taylor
  • Rose Aguilar
  • Rose Weaver
  • Rosemary Griggs
  • Russ Wellen
  • Sam Morton
  • Sao Magnifico
  • Sara Amis
  • Sarah Ayres
  • Sarah Bufkin
  • Saralyn Chesnut
  • Scott Anna
  • Scott Borchert
  • Scott Keyes
  • Scott Wooledge
  • Seth Cline
  • Shane Gilreath
  • Sharon M. Riley
  • Shay Dawkins
  • Sheffield Hale
  • Sheila Barnard Nungesser
  • Sigrid Sanders
  • SoniaTai
  • Sonya Collins
  • Soraya Chemaly
  • Spencer Lawton
  • Stephanie Taylor
  • Stephen Lacey
  • Steve King
  • Steve Krodman
  • Steve Valk
  • Stuart Liss
  • Sue Sturgis
  • Sujigu
  • Susan De Bonis
  • Susan Soper
  • Susan Wilson
  • Suz Korbel
  • Tammy Andrews
  • Tammy Ingram
  • Tanya Somanader
  • Ted Kooser
  • Terri Evans
  • The Barnacle Goose
  • Thomas A. Bledsoe
  • Tiger Liliuokalani
  • Tim Oliver
  • Timothy Freeman
  • Timothy Hurst
  • Tom Baxter
  • Tom Crawford
  • Tom Ferguson
  • Tom Millsop
  • Tom Poland
  • Tom Walker
  • Travis Waldron
  • Travis Waldron & Pat Garofalo
  • Trevor Stone Irvin
  • Tricia Collins
  • Troubadour
  • Valerie Evans
  • Viveca Novak
  • Waldron, Somanader & Garofalo
  • Walter Rhett
  • Wanda Argersinger
  • Wayne Countryman
  • Wayne Johnson
  • We The People
  • Will Cantrell
  • Will Nelson
  • William Cotter
  • William Hedgepeth
  • Yana Kunichoff
  • Yasmin Vafa
  • Zack Beauchamp
  • Zack Ford
  • Zaid Jilani
  • Zaina Budayr



  • Login or Subscribe

    Like the Dew?

    We are non-commercial, all volunteer and supported by our readers. Please help sustain the Dew by making a donation.

    Shadow Economy

    Labor Force Participation

    by | Apr 28, 2013

    Yes, labor force participation is back to what it was when the contributions of most women to the economy weren’t counted. That people aren’t getting paid doesn’t mean they aren’t contributing. Sometimes it’s just a counting problem — an accounting problem.

    Actually, there are many accounting problems. One has been discovered and and is now being addressed and will result in a revision to the GDP. That is, the Gross Domestic Product is going to take into account what dollars people invest in creative endeavors that don’t manifest in material products — i.e. the value incorporated in a CD over and above the cost of the disk itself. Put another way, creativity has been left out of our national accounts. Of course, that’s also true of basic reproduction. People making other people is not considered labor worth counting.

    What we have is various economies, only one of which economists track and that badly. In addition to the formal economy mediated by dollars that enter official records, there’s the shadow economy or underground economy, which is also mediated by dollars, but they don’t get counted in the official records. Then there’s the economy that’s based on surreptitious theft and exploitation, using currency sporadically. Then there’s pure finance, in which currency is traded and exchanged regardless of any real goods and services. Perhaps we could call most of what happens on Wall Street the esoteric economy. In addition, there’s the economy of the household and the neighborhood where trade and exchange occur independent of formal accounts or even money changing hands.

    money shadowSome economists are aware of the shadow economy to the extent of trying to calculate its size in terms of the currency it does or does not use. Edgar Feige’s latest estimate is that 19% of reportable income (not including legally exempted corporate revenues) is not being collected, accounting for a short-fall in IRS receipts of some $500 billion a year. While this estimate is derived from an analysis of things like the use of cash (growing) and retail sales (characteristic of an economy with a 5% unemployment rate), it seems logical to argue that the velocity of the dollar is higher in the underground economy and capturing the dollars would be counter-productive. If free enterprise is valued, then the shadow economy of freelancers would seem to be the only one doing things right, in terms of how they use money.

    In that sense, the term “labor force” is telling. The only labor that counts is that which is forced or coerced. While this judgement is entirely consistent with the basic assumption that:

    “man prefers leisure and must be bribed to work.”

    This negative prejudice, although it accounts for economics being called the “dismal science,” is a distortion of reality. It makes no more sense to argue that humans are naturally unproductive, given their manual dexterity, than to argue that they are essentially sedentary, despite their essential mobility. So, that humans have to be told what to do and where to go is just so much wishful thinking by humans looking for an excuse to exercise control over their fellow man.

    There is a logical fallacy known as “false attribution of agency.” It usually involves assigning action to inanimate substances. The plunging bus is a good example. But, what I wonder is if there is also a category which recognizes the false attribution of inaction or a claim of no agency. Is the omission of agency recognized as a logical flaw? Or is not doing considered such a virtue that it’s not even subject to analysis? Of course, the dead don’t do. That goes without saying. But what about the living that don’t do anything but talk?

    ###
    • Image: photo licensed by LikeTheDew.com at iStockPhoto.com

    Monica Smith

    Monica Smith writes Hannah's Blog. Born in Germany, she came to the United States as a child, living first in California, then after an interval in Chile, in New York. Married to a retired professor at the University of Florida, where she lived for 17 years, she moved to St. Simons Island, Georgia, in 1993 and now divides her time between Georgia and New Hampshire. (New Hampshire, she says, is always interesting during a presidential election.) She and her husband have three children and five grandchildren. Ms. Smith says she "learned long ago that I am not a good team player when I got hired at the Library of Congress, fresh out of college with a degree in political science and proficiency in four foreign languages, to 'edit' library cards and informed my supervisor that if she was going to insist I punch the clock exactly on time, my productivity was going to fall from being the highest to being the same as everyone else's. The supervisor opted to assign me to another building where there was no time-clock. After I had the first of our three children, I decided a paycheck wasn't worth the hassle."

     

    Print Friendly

     

    Note: Users are solely responsible for opinions they post here and for the agreed-upon rules of civility. Comments do not reflect the views of LikeTheDew.com. Comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click here to report a violation.

  • Worthy of Comment



  • Also on the Dew

    The Crushing Weight Of Love

    The Crushing Weight Of Love

    By: Tom Poland

    About five years ago a lovely phenomenon took hold in Europe. Couples wrote, etched, painted, and scratched their names onto padlocks and latched them to fences and railings on bridges. They hurled the keys into the river, canal, what have you. “Nothing can break our love.” In particular, the Pont des Arts footbridge over the Seine in Paris gained renown for this ritual. Only an intrepid scuba diver or bolt-cutting interloper could destroy their love, and that would take some doing. Just imagine all the keys resting on the bottom. People love to join a movement. In the City of Lights, so   Read on →

    It’s About the Climate, Stupid

    It’s About the Climate, Stupid

    By: Eileen Dight

      Readers of my articles on LikeTheDew will know that I’m not an advocate of defying the law, but I’m about to encourage this where necessary. Often focused on the joys of my grandchildren, this time I’m focused on yours too. I’m talking about Climate Change and our need to DO something about it. I was heartened to read about two activists who set an example in May 2013, protesting about the burning of coal in an attention-seeking move, by taking a small lobster boat named “The Henry David T,” (a reference to Thoreau) to picket the Brayton Point Power Station off the Massach  Read on →

    The Value of A Human Life Revisted

    The Value of A Human Life Revisted

    By: Lovell Jones, Ph.D.

    Over the past few weeks since the shooting of Michael Brown the discussions on the various cable channels have been quite interesting. It truly illustrated that your perception of the shooting all comes from your point of view. If you are conservative, whether black or white, you find every reason you can point to Michael Brown’s past and actions on that day to justify the officer’s shooting of that young man six times. You strive for every fact to prove your point that the shooting was justified. If you are liberal, you are doing the same thing except it is too  Read on →

    The Republicans’ Extraordinary Pattern of Destructiveness

    The Republicans' Extraordinary Pattern of Destructiveness

    By: Andy Schmookler

    The Republican Party, I have said here, has been taken over by a destructive force. Time now to flesh out more of the picture showing the relentlessly destructive nature of what now animates the Republican Party: It's a force that's insatiable in its lust for power and wealth. Even though we have the greatest income inequality that we've had in living memory, this force works continually to widen that gap still further. All their budgetary proposals would take from average Americans to give more to those who already have the most. As they protect those who have tripled their share of  Read on →