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:
“For all of them have contributed out of their abundance; but she out of her poverty has put in everything she had, all she had to live on.”
—Bible: New Testament, Mark 12:44.
Jesus watching the widow contribute her two mites.
“The prevalent fear of poverty among the educated
classes is the worst moral disease from which our civilization suffers.”
—William James (1842–1910)
“The fact is, mental philosophy is very like Poverty, which, you know, begins at home; and indeed, when it goes abroad, it is poverty itself.”
—Henry David Thoreau (1817–1862)