Formal and Informal Labor
Formal labor is any sort of employment that is structured and paid in a formal way. Unlike the informal sector of the economy, formal labor within a country contributes to that country’s gross national product. Informal labor is labor that falls short of being a formal arrangement in law or in practice. Informal labor can be paid or unpaid and it is always unstructured and unregulated. Formal employment is more reliable than informal employment. Generally, the former yields higher income and greater benefits and securities for both men and women.
Read more about this topic: Labor Force
Famous quotes containing the words formal, informal and/or labor:
“The manifestation of poetry in external life is formal perfection. True sentiment grows within, and art must represent internal phenomena externally.”
—Franz Grillparzer (1791–1872)
“We are now a nation of people in daily contact with strangers. Thanks to mass transportation, school administrators and teachers often live many miles from the neighborhood schoolhouse. They are no longer in daily informal contact with parents, ministers, and other institution leaders . . . [and are] no longer a natural extension of parental authority.”
—James P. Comer (20th century)
“I know my state, both full of shame and scorn,
Conceived in sin, and unto labor born,
Standing with fear, and must with horror fall,
And destined unto judgment, after all.”
—Ben Jonson (1572–1637)