Question

“It is necessary to generate employment in the formal sector rather than the informal sector.”

Justify the given statement with valid arguments. 

Answer 1

• Focusing on creating employment opportunities in the formal sector is critical because of the inherent benefits.
• Formal sector occupations provide higher job security, with workers protected by labour laws and access to benefits like social security and health insurance.
• Furthermore, formal sector employment offers better working conditions, including occupational safety requirements and opportunity for growth, which contributes to overall economic stability and welfare.