The pandemic has shown that workers in the informal economy need a safety net, too
The coronavirus pandemic has hit the developing world’s informal economy hard. Existing on the margins, with no access to social safety nets such as unemployment insurance and pensions, many of the 2 billion informal workers around the world were already barely keeping their heads above water before the lockdowns. One analysis estimated that 1.6 billion informal sector workers worldwide would suffer a 62 percent decline in income in the first few months of the crisis alone, with workers in...
