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:
“Apart from their other characteristics, the outstanding thing about China’s 600 million people is that they are “poor and blank.” This may seem a bad thing, but in reality it is a good thing. Poverty gives rise to the desire for change, the desire for action and the desire for revolution. On a blank sheet of paper free from any mark, the freshest and most beautiful pictures can be painted.”
—Mao Zedong (1893–1976)
“It is the women of Europe who pay the price while war rages, and it will be the women who will pay again when war has run its bloody course and Europe sinks down into the slough of poverty like a harried beast too spent to wage the fight. It will be the sonless mothers who will bend their shoulders to the plough and wield in age-palsied hands the reaphook.”
—Kate Richards O’Hare (1877–1948)
“To be idle and to be poor have always been reproaches, and therefore every man endeavours with his utmost care to hide his poverty from others, and his idleness from himself.”
—Samuel Johnson (1709–1784)