Informality and Unpredictability

“There are 12 million informal workers in Colombia” states the title of a recent Portafolio article. Strangely, the main body of the article is a lengthy discussion of improvements in employment-related statistics in 2011. It then finishes with a brief overview of the efforts currently being made by the Colombian government to tackle issues confronted by informal workers, whom it defines as “those who do not qualify for health or pension programs”.

Yet there are many more characteristics of informal work that should be taken into account when considering possible labour-related reforms. Having just read ‘Portfolios of the Poor’, one particular characteristic is fresh in my mind: the unpredictable nature of informal work and the income it renders (or not). Continue reading