Precariat

Uncommon card · No. 192918

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. The theory was formulated by Guy Standing. 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 theory has been criticized for defining a new class system without properly explaining it and failing to explain how the precariat is a different class from the working class...

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