Economics
The Informal Economy and Urban Survival Strategies
Quick fact
According to the International Labour Organization (ILO), about 2 billion people—more than 61% of the world's employed population—work informally, and in many developing cities, this share exceeds 80%.
Why this is interesting
You see them every day—street vendors, casual laborers, and domestic helpers—but did you know that over half of the world's workers operate outside the formal economy? Why is this invisible sector so vital for survival in cities?