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Questions and Answers
What is a significant impact of job insecurity faced by workers in the informal sector?
What is a significant impact of job insecurity faced by workers in the informal sector?
- Paid health insurance
- Stress and anxiety due to unstable employment (correct)
- Guaranteed pension
- High wages
What primarily contributes to informal workers receiving low wages?
What primarily contributes to informal workers receiving low wages?
- They lack bargaining power to demand higher pay (correct)
- They have strong labor unions
- They receive bonuses regularly
- Their jobs are regulated by labor laws
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Study Notes
Job Insecurity and Informal Labor
- Workers in the informal sector often experience job insecurity, leading to stress and anxiety due to unstable employment.
- Informal workers frequently lack bargaining power, resulting in low wages.
- This is due to the absence of labor unions and regulations to protect their rights.
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