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How to make the informal formal?18 February 2022
More than 60 percent of the world’s adult labour force, or about 2 billion workers work in the informal economy. They are not recognized, registered, regulated or protected under labour legislation and social protection. The consequences can be severe, for individuals, families as well as economies.
Despite major efforts over the years, there are few signs of the informal economy shrinking in size. In fact, the COVID-19 pandemic has pushed more workers into informal work to survive while highlighting the vital role access to social protection plays to support workers, especially when they are unable to work.
Just what is life like for workers in the informal economy, what are the global solutions to intransigent informality and will the growth of the ‘gig’ economy help informal economy workers gain the security and social protection they so badly need?