vincecate wrote:Higgenbotham wrote:Many people working for low wages already have two, even three, jobs and have for years. Now they are barely getting by on that and don't have time to work another job.
When things get really hard people start trading things directly with each other. One guy trades some extra fish with another guy who has extra potatoes. This has the side effect that nobody pays any sales tax, social security tax, unemployment tax, income taxes, or inflation taxes. After all, we just traded fish for potatoes. Without a government taking a cut five different ways it actually takes far less work to stay alive.
So are you seeing any barter or black market stuff?
No, but I think you're right that we will see more of that, or it's already going on and I haven't seen it. I've been thinking it will really get going with the next leg down in the economy.