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:
“The prevalent fear of poverty among the educated
classes is the worst moral disease from which our civilization suffers.”
—William James (1842–1910)
“For where’er the sun does shine,
And where’er the rain does fall,
Babe can never hunger there,
Nor poverty the mind appall.”
—William Blake (1757–1827)
“Nothing incites to money-crimes like great poverty or great wealth.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)