No matter how hard times get, people have to make a living. As regular nine-to-five jobs become more difficult to find people turn to making money where they can – and a lot of it is in cash. “We have seen the rise of a new generation of people who are much more used to doing things in a freelance way,” says Sudhir Venkatesh, a sociologist at
The Underground Economy
Despite new ways of paying for things, cash isn’t going away. It has an important place in today’s economy, particularly the most dynamic part of it – unreported income that makes up an underground economy.