In sociology and economics, the precariat () is a social class formed by people suffering from precarity, which means existing without predictability or security, thereby affecting material or psychological well-being. The term is a portmanteau of precarious and proletariat. Unlike the proletariat of industrial workers in the 20th century, who lacked their own means of production and therefore sold their labor to survive, members of the precariat are only partially involved in labor. They must undertake extensive unremunerated activities that are essential to retaining access to jobs and decent earnings. Classic examples of such unpaid activities include continually searching and applying for work, as well as being expected to always be responsive to calls for gig work. The hallmark of the precariat is a lack of job security, including intermittent employment or underemployment and the resulting precarious existence. The emergence of this class has been ascribed to the entrenchment of neoliberal capitalism.
Overview Some theorists suggest that the young precariat class in Europe has become a serious issue in the early part of the 21st century. This has been linked with major mass political developments including the Brexit referendum in the United Kingdom, and the first presidency of Donald Trump in the United States. The global COVID-19 pandemic has particularly exacerbated food insecurity in the United States. A survey conducted by the European Council on Foreign Relations discovered that only one third of Germans and one quarter of Italians and French had enough money remaining at the end of the month for discretionary spending.
The British economist Guy Standing has analysed the precariat as a new emerging social class in work done for the think tank Policy Network and the World Economic Forum. In his 2014 book entitled A Precariat Charter he argued that all citizens have a right to socially inherited wealth. The latest in the series is titled The Precariat: The New Dangerous Class where he proposed a universal basic income as a solution for addressing the problem. The analysis of the results of the Great British Class Survey of 2013, a collaboration between the BBC and researchers from several UK universities, contended that there is a new model of class structure consisting of seven classes, ranging from the Elite at the top to the precariat at the bottom. The Precariat class was envisaged as "the most deprived British class of all with low levels of economic, cultural and social capital." This was contrasted with "the Technical Middle Class" in Great Britain, in that instead of having disposable income but no interests, people of the new Precariat Class have all sorts of potential activities they like to engage in but cannot do any of them because they have no money, insecure lives, and are usually trapped in old industrial parts of the country. The precariat class has been emerging in societies such as Japan, where it numbers over two million. The theory has been criticized by sociologist Erik Olin Wright for categorising the precariat as a distinct class from the working class (proletariat), based on that the two classes are not sufficiently opposed to each other and that members of the precariat do not have a sufficiently unified way of securing a livelihood.
See also
References
Further reading Standing, Guy (2011). The Precariat: The New Dangerous Class. Bloomsbury Academic. ISBN 9781849663526. Kalleberg, Arne (2018). Precarious Lives: Job Insecurity and Well-Being in Rich Democracies. John Wiley & Sons. ISBN 9781509506538.
External links
"Plutonomy and the Precariat" Noam Chomsky in the Huffington Post We’re All Precarious Now. Jacobin, April 20, 2015. Cash, credits and crisis: life in the new European 'precariat' The Guardian, May 15, 2019

