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:
“Public money is like holy water; everyone helps himself to it.”
—Italian proverb, pt. 5, epigraph, Graham Hancock, Lords of Poverty (1989)
“Almighty Father, forgive me for saying the words I did in anger, shaming him for his poverty and blaming him for mine. And for putting the idea in his head. Forgive him. Forgive him. He didn’t know what he was doing.”
—Dudley Nichols (1895–1960)
“The poverty of our century is unlike that of any other. It is not, as poverty was before, the result of natural scarcity, but of a set of priorities imposed upon the rest of the world by the rich. Consequently, the modern poor are not pitied ... but written off as trash. The twentieth-century consumer economy has produced the first culture for which a beggar is a reminder of nothing.”
—John Berger (b. 1926)