informal labor

Informal labor refers to work that is not regulated by formal labor laws and does not have standard protections, such as minimum wage, benefits, or job security. This includes jobs like street vending, domestic work, or freelance tasks that might not be officially documented. Workers in the informal economy often lack access to basic rights and social protections, making them vulnerable to exploitation. While informal labor can provide flexibility and income opportunities, it poses risks related to job stability and legal recognition. It plays a significant role in many economies, especially in developing countries.