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)
“The poverty from which I have suffered could be diagnosed as “Soho” poverty. It comes from having the airs and graces of a genius and no talent.”
—Quentin Crisp (b. 1908)
“Museums are just a lot of lies, and the people who make art their business are mostly imposters.... We have infected the pictures in museums with all our stupidities, all our mistakes, all our poverty of spirit. We have turned them into petty and ridiculous things.”
—Pablo Picasso (1881–1973)