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:
“Two clergymen disputing whether ordination would be valid without the imposition of both hands, the more formal one said, “Do you think the Holy Dove could fly down with only one wing?””
—Horace Walpole (1717–1797)
“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)
“Learning without thought is labor lost.”
—Confucius (551–479 B.C.)