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:
“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)
“Nothing incites to money-crimes like great poverty or great wealth.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“Public money is like holy water; everyone helps himself to it.”
—Italian proverb, pt. 5, epigraph, Graham Hancock, Lords of Poverty (1989)