• Limited regulation: These markets are typically not regulated by the government, leading to lower wages and fewer protections for workers.
• High turnover: Workers in informal labour markets often move from job to job frequently and have little job security.
• Low levels of skill: Many workers in informal labour markets lack formal education or specialized skills, which makes them vulnerable to exploitation.
• Low pay: Workers in informal labour markets often earn much lower wages than workers in formal labour markets.
• Limited social benefits: Workers in informal labour markets often do not have access to benefits such as paid leave, health insurance, or retirement benefits.

These markets tend to be common in developing countries and can be a significant source of income for many people who would otherwise be unemployed.