Free falling. Definitions for a precarious future

Precariat. def. A social class formed by people suffering from precarity, which is a condition of existence without predictability or security – such as caused by unemployment and underemployment as a consequence of technology-related job losses.

The British economist Guy Standing has analysed the precariat as a new emerging social class in work done for the think tank Policy Network. In 2014, he wrote another book titled “A Precariat Charter” where he argued that all citizens have a right to socially inherited wealth. The latest in the series is the titled Precariat: The New Dangerous Class where he proposed basic income as a solution for addressing the problem.

via Precariat – Wikipedia, the free encyclopedia