EMPLOYMENT SHIFTS IN THE INFORMAL SECTOR: A CASE STUDY OF ZIMBABWE'S URBAN METAL INDUSTRY
Authors: Tendai Mukanya Chikomo, Simba Tawanda C higwedere
Published: March 2024
Abstract
<p>The informal sector plays a crucial role in the economic landscape of developing countries, contributing significantly to job creation, income generation, and poverty alleviation. In Zimbabwe, the informal sector witnessed notable growth during periods of economic upheaval, including the country's Economic Structural Adjustment Programme (ESAP) and recent economic and political crises. ESAP was marked by widespread retrenchments in both the public and private sectors, while the more recent crisis led to a contraction in formal employment opportunities and a substantial decline in real wages, largely driven by hyperinflation. Consequently, the expansion of Zimbabwe's informal sector can be attributed to the diminishing formal employment prospects and the imperative to supplement formal incomes</p>
Full Text
No full text available
Cite this Article
References
- No references available.