The Rise of the Precariat

Anonymous student post

Nowadays in the era of globalization companies are under more and more pressure to be as nimble and flexible as possible in order to be able to outmaneuver the competition. Thus in their struggle for relevance governments and employers are flexibilizing the labour markets. This takes form via short term contract based employment. It enables the employers to minimize cost and maximize gain by creating fierce competitive environment where current employees feel pressured to work their best for the prospect of future employment. Also it drives the wages down as companies are more and more looking into outsourcing their skilled labour and production. On top of all that the recent trend in employment, for the first time in history, employers demand that their employees hold higher education that , some 20 years ago, would be reasonably required for a given position. A barista at the local Starbucks probably should not require a graduate college degree in order to serve ones coffee.

As a result the working class, the proletariat, is rapidly shrinking away. And a new social class has emerged. The precariat arises, what was once a part of the now diminishing working class manifests itself as the working nomad. Without the welfare benefits of the working class there is no certainty about tomorrow and no clear established career path, the precariat has way to identify oneself within the current society.

The global economy are rapidly converging, the wages of the developed countries fall and equalize with those of the developing countries. As basic business economy would teach you perceived loss would never be forgotten. In order to ease the transition and prevent a potential upheaval the government offered subsidies for employment, cheap credit and tax subsidies. With the burst of the bubble economy all that has gone away and thus the proletariat is forced to the precariat. As every movement stems from the needs and aspirations of the society we have witnessed such movements such as Occupy Wall Street or the Arab Spring. Where people in the near east countries such Egypt, Libya, Yemen and other take to the streets to voice their concerns. Thus the precariat becomes self aware demanding the attention of the politicians.

So who really is the precariat? While in the developed countries it is the nomad employee with no or limited upward mobility in the developing countries the situation is more grave as the people may be in a situation of downward mobility. If that is not the case that may very well be because they have already sunk so low that there is no lower to go. Thus the precariat at this point is someone in a situation with no resolve. Thus the they need to press for new policies to be implemented to accommodate the new emerging class.

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