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Read the extract below and answer the questions that follow - NSC Life Orientation - Question 6 - 2015 - Paper 1
Question 6
Read the extract below and answer the questions that follow. INFORMAL JOBS Informal jobs are common in developing countries. The business belongs to its owner and ... show full transcript
Worked Solution & Example Answer:Read the extract below and answer the questions that follow - NSC Life Orientation - Question 6 - 2015 - Paper 1
Step 1
Define an informal job and explain how it is an innovative way to counteract unemployment in the country.
Answer
An informal job is a type of work that is not officially recognized by the government. It includes various activities such as street vending, domestic work, and other self-employed roles that do not require registration with labor authorities. Informal jobs are innovative in counteracting unemployment because they allow individuals to earn an income without the need for formal employment contracts. This flexibility helps people to become entrepreneurs, make use of existing skills, and contributes to economic activity without the constraints associated with traditional job markets.
Step 2
Discuss THREE challenges that people in informal jobs may experience.
Answer
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Lack of Employment Security: Individuals in informal jobs often face instability, as their roles may not provide consistent work hours or steady income.
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Absence of Basic Benefits: Workers in the informal sector typically do not receive benefits such as health insurance or retirement plans, leaving them vulnerable in times of illness or when they can no longer work.
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Exposure to Exploitation: There is a higher risk of being taken advantage of due to the unregulated nature of informal jobs, exposing workers to unfair pay and poor working conditions.
Step 3
Propose THREE strategies that local businesses can employ to help young people sustain informal jobs in communities.
Answer
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Local Networking Workshops: Businesses can organize workshops to help young people connect with each other and share resources or knowledge about running informal enterprises.
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Mentorship Programs: By establishing mentorship initiatives, experienced local entrepreneurs can provide guidance and support to young individuals entering informal jobs, helping them to navigate challenges effectively.
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Access to Microfinancing: Local businesses can partner with financial institutions to create microfinance options for young people in informal jobs, allowing them to invest in their work and increase their earning potential.