Wednesday, March 18, 2015

The Underground Economy

     The underground economy involves the exchange of goods and services that are usually hidden from official view. Underground economies are usually found in places like Brazil or in southern Europe. Underground activity in the past year totaled almost as much as $2 trillion. This "hidden" economy can be beneficial because consumer spending in the short term is boosting the economy. It can be detrimental because the workers who aren't on the books don't get social security or health benefits. These jobs run the risk of getting exploited with lower pay or not being paid at all.

Wednesday, March 4, 2015

Net Neutrality

     Net neutrality is basically the idea that whoever gives you internet access, Comcast, Verizon, etc, should treat all Internet traffic the same way. Net neutrality is important to consumers because it gives free speech online and democratic participation. The FCC will be able to enact new rules that will prevent Internet service providers from manipulating how quickly or slowly sites are transmitted along their networks, which is a huge win for proponents of net neutrality.