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)
“We have two useless gods who never leave our island, but like to dwell in it constantly, Poverty and Helplessness.”
—Herodotus (c. 484–424 B.C.)
“Wealth makes the laws that poverty must obey.”
—Mason Cooley (b. 1927)