Informal labour markets | Topics | tutor2u Economics

Also known as the “grey” market, shadow economy, or black economy. This is the part of the economy that is not taxed or regulated by government, and therefore does not feature in the GDP statistics for that country. People working in the informal labour market are likely to be paid in cash, and may undertake work such as domestic cleaning / gardening, babysitting, car-washing and is characterised by unstable employer-employee relationships. Informal work is often vitally important to the poor.

According to the latest World Development Report (2018), around 55 percent of the labour force in emerging economies is informal and in Sub-Saharan Africa informal labour has on average remained around 75 percent of total employment from 2000-2016.


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