Informal Employment and Poverty

Informal employment refers to jobs that are not regulated by the government, meaning workers do not have official contracts or benefits like health insurance and retirement plans. This includes street vendors, domestic workers, and day laborers. People in informal jobs often earn low wages and lack job security, making them more vulnerable to poverty. Without access to benefits or support, they struggle to meet basic needs, which can perpetuate a cycle of poverty. Addressing informal employment is crucial for improving economic stability and reducing poverty for millions of workers worldwide.