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It’s formal vs informal. The “economy” is only the formal economy. When people stay home the economy loses 1+1/N incomes where N is the number of children a da
by _3u10 3y ago
It’s formal vs informal. The “economy” is only the formal economy.
When people stay home the economy loses 1+1/N incomes where N is the number of children a day care worker can take care of.
- kbelder 3y agoThere is a distinction there, but the real economy is the informal economy. The 'formal' economy is just an approximation, constrained by what can be easily measured.