In sociology and economics, the precariat (/prɪˈkɛəriət/) is a social class formed by people suffering from precarity, which means existing without predictability or security, affecting material or psychological welfare.
The hallmark of the precariat class is the condition of lack of job security, including intermittent employment or underemployment and the resultant precarious existence.
[10] A survey conducted by the European Council on Foreign Relations discovered that only one third of Germans and one quarter of Italians and French had enough money remaining at the end of the month for discretionary spending.
[11] The British economist Guy Standing has analysed the precariat as a new emerging social class in work done for the think tank Policy Network and the World Economic Forum.
[12][13] The latest in the series is titled The Precariat: The New Dangerous Class[2][14] where he proposed basic income as a solution for addressing the problem.