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:
“Humility like darkness reveals the heavenly lights. The shadows of poverty and meanness gather around us, “and lo! creation widens to our view.””
—Henry David Thoreau (1817–1862)
“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.)
“In general, Russia suffers from a frightening poverty in the sphere of facts and a frightening wealth of all types of arguments.”
—Anton Pavlovich Chekhov (1860–1904)