Poverty
The relationship between the informal sectors and poverty certainly isn’t simple nor does a clear, causal relationship exist. An inverse relationship between an increased informal sector and slower economic growth has been observed though. Average incomes are substantially lower in the informal economy and there is a higher preponderance of impoverished employees working in the informal sector.
Read more about this topic: Informal Sector
Famous quotes containing the word poverty:
“The prevalent fear of poverty among the educated
classes is the worst moral disease from which our civilization suffers.”
—William James (1842–1910)
“There is but one love of Jesus, as there is but one person in the poor—Jesus. We take vows of chastity to love Christ with undivided love; to be able to love him with undivided love we take a vow of poverty which frees us from all material possessions, and with that freedom we can love him with undivided love, and from this vow of undivided love we surrender ourselves totally to him in the person who takes his place.”
—Mother Teresa (b. 1910)
“Wealth makes the laws that poverty must obey.”
—Mason Cooley (b. 1927)