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The '''Precariat''' refers to the social class of people who experience precariousness, lacking security and predictability which affects their material or physical well-being. The term is a combination of | The '''Precariat''' refers to the [[social class]] of people who experience precariousness, lacking security and predictability which affects their material or physical well-being. The term is a combination of the words ''precarious'' and [[Proletariat|''proletariat'']].<ref>{{News citation|author=[[Noam Chomsky]]|newspaper=Chomsky.info|title=Plutonomy and the Precariat: On the History of the U.S. Economy in Decline|date=2012-05-08|url=https://chomsky.info/20120508/}}</ref><ref>{{News citation|author=Charlie Post|newspaper=[[Jacobin]]|title=We’re All Precarious Now|date=2015-04-020|url=https://www.jacobinmag.com/2015/04/precarious-labor-strategies-union-precariat-standing/}}</ref><ref>{{News citation|author=Mark Rice-Oxley Patrick Butler|newspaper=[[The Guardian]]|title=Cash, credits and crisis: life in the new European 'precariat'|date=2019-05-15|url=https://www.theguardian.com/world/2019/may/15/cash-credits-and-crisis-life-in-the-new-european-precariat}}</ref><ref>{{News citation|author=Guy Standing, Research Professor in Development Studies University of London|newspaper=World Economic Forum|title=Meet the precariat, the new global class fuelling the rise of populism|date=2016-10-09|url=https://www.weforum.org/agenda/2016/11/precariat-global-class-rise-of-populism/}}</ref> | ||
The capitalist drive for profit has led to a rising [[cost of living]] and reduction of purchasing power through inflation which has resulted in lower living standards. Additionally, wages are depressed further by the [[gig economy]] which replaces more stable work. | |||
== References == | == References == | ||
<references /> | |||
[[Category:Marxist terminology]] | |||
[[Category:Proletariat]] | |||
Latest revision as of 19:55, 10 August 2022
The Precariat refers to the social class of people who experience precariousness, lacking security and predictability which affects their material or physical well-being. The term is a combination of the words precarious and proletariat.[1][2][3][4]
The capitalist drive for profit has led to a rising cost of living and reduction of purchasing power through inflation which has resulted in lower living standards. Additionally, wages are depressed further by the gig economy which replaces more stable work.
References[edit | edit source]
- ↑ Noam Chomsky (2012-05-08). "Plutonomy and the Precariat: On the History of the U.S. Economy in Decline" Chomsky.info.
- ↑ Charlie Post (2015-04-020). "We’re All Precarious Now" Jacobin.
- ↑ Mark Rice-Oxley Patrick Butler (2019-05-15). "Cash, credits and crisis: life in the new European 'precariat'" The Guardian.
- ↑ Guy Standing, Research Professor in Development Studies University of London (2016-10-09). "Meet the precariat, the new global class fuelling the rise of populism" World Economic Forum.