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:
““It’s a wery remarkable circumstance, sir”, said Sam, “that poverty and oysters seems to go together.””
—Charles Dickens (1812–1870)
“In general, Russia suffers from a frightening poverty in the sphere of facts and a frightening wealth of all types of arguments.”
—Anton Pavlovich Chekhov (1860–1904)
“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)