Töökoods

Töökoods is a term used to describe work or labor that is considered to be part of the informal economy. This type of work is often characterized by being unregulated, untaxed, and lacking formal employment contracts or benefits. It can encompass a wide range of activities, from casual jobs and piecework to undeclared services and side hustles. The term "töökoods" is of Estonian origin.

Activities falling under töökoods can include temporary or seasonal employment, freelance work without formal registration, or services exchanged for cash without official documentation. While töökoods can provide a source of income for individuals and flexibility for employers, it also carries potential downsides. These include a lack of worker protections, such as minimum wage, sick leave, or pension contributions. Furthermore, the untaxed nature of töökoods can impact government revenue.

The prevalence of töökoods can vary significantly depending on economic conditions, regulatory environments, and cultural norms. In some societies, it may represent a substantial portion of the labor market, particularly in developing economies or during periods of economic uncertainty. Efforts to address töökoods often involve strategies to encourage formalization of labor, improve working conditions, and ensure compliance with tax regulations, while also considering the potential economic necessity that drives such arrangements.