Labor Informality Persists: 75% of Entrants Remain Informal

A new report reveals that 75% of workers entering informality remain in it, highlighting the persistence of labor informality affecting over half of workers. The report, 'From Labor Informality to Paths to Formality,' underscores structural challenges in transitioning to formal employment. This matters as persistent informality hampers economic growth, tax revenue, and social protection coverage.