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informal employment |
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informal employment
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| ``Over the long term, this trend portends a downward spiral for the regional economy as the low-wage labor force continues to grow, the costs of informal employment are shifted to other segments of society, and the social safety net becomes more precarious,'' the report says. The falling unemployment rate "is primarily due to the fact that informal employment increased rapidly over the past few months," the Anderson report said, while employment declines could be traced to ongoing exposure in the tech sector and the effect of a threatened strike in the movie industry last year. In developing countries, some 60 per cent of the population depends on agriculture for their livelihood and some 300 million people, most of them women, work in the so-called informal employment sector, with hand-to-mouth subsistence jobs and without any sort of social security, insurance, disability or retirement benefits. |
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