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:
“There was the murdered corpse, in covert laid,
And violent death in thousand shapes displayed;
The city to the soldier’s rage resigned;
Successless wars, and poverty behind;
Ships burnt in fight, or forced on rocky shores,
And the rash hunter strangled by the boars;
The newborn babe by nurses overlaid;
And the cook caught within the raging fire he made.”
—Geoffrey Chaucer (1340?–1400)
“Wealth makes the laws that poverty must obey.”
—Mason Cooley (b. 1927)
“It is a world completely rotten with wealth, power, senility, indifference, puritanism and mental hygiene, poverty and waste, technological futility and aimless violence, and yet I cannot help but feel it has about it something of the dawning of the universe.”
—Jean Baudrillard (b. 1929)