"Around half of the world’s workforce operates in the informal economy. Informal economies… are typically characterized by a high incidence of poverty, inequality and vulnerability to decent work deficits. In June 2015, the International Labour Conference adopted the Transition from the Informal to the Formal Economy Recommendation, 2015 (No. 204), …the first international labour standard to focus on the informal economy in its entirety, and to point clearly in the direction of transition to the formal economy as a means for achieving decent work for all."
