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 Economy
Famous quotes containing the word poverty:
“There is something about poverty that smells like death. Dead dreams dropping off the heart like leaves in a dry season and rotting around the feet; impulses smothered too long in the fetid air of underground caves. The soul lives in a sickly air. People can be slave-ships in shoes.”
—Zora Neale Hurston (1891–1960)
“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.)
“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)