Talk:Harris–Todaro model

Fair use rationale for Image:Pyat rublei 1997.jpg
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BetacommandBot 11:28, 6 July 2007 (UTC)

value of informal sector
In the Conclusions section, it's stated that "... with many people ending up in unproductive or underproductive employment in the informal sector..." However, in Todaro and Smith's 2009 edition of Economic Development, they cite two case studies in Delhi, India that state that the majority of migrant workers to cities come "Expressly to take up informal-sector work" (p. 357). They also delineate between lower-wage and higher-wage informal work in cities and imply that high-wage informal work may out-pay formal work. In short, is the statement "... with many people ending up in unproductive or underproductive employment in the informal sector..." an over-simplification of what we now understand? NicEMyer (talk) 20:41, 24 February 2011 (UTC)