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 bed is now as public as the dinner table and governed by the same rules of formal confrontation.”
—Angela Carter (1940–1992)
“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)
“We do not content ourselves with the life we have in ourselves and in our being; we desire to live an imaginary life in the mind of others, and for this purpose we endeavor to shine. We labor unceasingly to adorn and preserve this imaginary existence and neglect the real.”
—Blaise Pascal (1623–1662)