Precariat
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The precariat refers to a section of the working class who are in a near-constant state of socioeconomic uncertainty. The term is derived from the words precarious and proletariat.[1] The precariat in capitalist society continually grows larger due to the mode of production's inherent tendency towards economic crisis, demanding a segment of the working class to labor in "gig work" and suffer from chronic unemployment.[2]
By country
United States
Polling conducted in 2023 revealed that 58% of US Americans were living "pay-check to pay-check". A higher amount, 70%, expressed stress due to economic uncertainty and hardship. A major factor for these feelings arose from the rising costs of living and inflation which began in 2020.[3]
See also
References
- ↑ "precariat". Wiktionary.
- ↑ Charlie Post (April 20, 2015). "We're All Precarious Now". Jacobin.
- ↑ Jessica Dickler (April 11, 2023). "With inflation stubbornly high, 58% of Americans are living paycheck to paycheck: CNBC survey". CNBC.