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The invisible economy giveth, and now it taketh away

They're called eureka moments or epiphanies, and lately, they've been occurring with regularity regarding current U.S. economic conditions.

Two that occurred recently in yours truly's neck of the woods in the Metro New York City region:

  • The parking attendant for a local restaurant resigned from his position, the restaurant manager said. The employee returned to Mexico because he was laid off at his day-time job in construction, could not find comparable work due to the slumping housing market, so he resigned from the night-time parking attendant job and moved back home.

"He said his prospects for finding full-time work are now better in Mexico than they are in the U.S.," the restaurant owner said. He now works in Mexico City, where his family also is, he said.

Continue reading The invisible economy giveth, and now it taketh away

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Last updated: May 29, 2012: 12:03 AM

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