Wage relationship, informal sector and employment policy in South America

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Abstract
In advanced capitalist countries, the shaping of a relatively homogeneous wage‐earning class was a slow process that lasted, at least three generations. This gradual transition to a wage‐earning economy does not seem to have taken place in developing countries, where the existence of a wide informal sector encompasses a series of consecutive phases in advanced capitalist countries in a complex way. More than a form of transition, the informal sector appears as a particular type of economic organisation. This sector, internally, and when joined with the formal economy, develops a special rationality that cannot be explained by interpretations underlying the policies directed towards this sector; such a rationality suggests a new type of policy ‐ that of taking the sector's pecularities into account‐and goes beyond the plain assistence treatment and simplifying attempts of formalising the informal.

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