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February 2019 Newsletter

February 2019 Newsletter

Top news and stories, including the latest Research and NDSC Data Story from the Price Center for Social Innovation in February 2019.

The Scale of Informal Labor and Its Impact on the Economy

KCET City Rising

Measuring the nature and impact of the informal economy is difficult due to the lack of a common understanding of its meaning. Some think of the new “gig” economy as informal because of the nature of independent contracting and lack of wage work. Others use more formal definitions, such as unincorporated, unregistered market enterprises (ILO, 2015). The size of informal employment is consequential; over 60% of workers in the world earn the majority of their income in the informal economy, reaching a high of 85.8% in the region of Africa (ILO, 2018).