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:
“Humility like darkness reveals the heavenly lights. The shadows of poverty and meanness gather around us, “and lo! creation widens to our view.””
—Henry David Thoreau (1817–1862)
“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)
“Such poverty as we have today in all our great cities degrades the poor, and infects with its degradation the whole neighborhood in which they live. And whatever can degrade a neighborhood can degrade a country and a continent and finally the whole civilized world, which is only a large neighborhood.”
—George Bernard Shaw (1856–1950)