Which of the following statements is true?
- Casualization of workforce refers to the situation in which percentage of casually hired workers in the total workforce tends to rise over time.
- Informalisation refers to a situation when people tend to find employment more in the informal sector and less in the formal sector.
Answer & explanation
Correct answer: option 3
The correct answer is option 3: Both 1 and 2 are correct
Scholars call the process of moving from self-employment and regular salaried employment to casual wage work noticed during 1972-94 as casualisation of workforce.
Informalisation of workforce refers to a situation whereby the proportion of workforce in the informal sector to total workforce increases.