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Economics

The Precariat and the New Social Class Structure

Quick fact

The term 'precariat' was popularized by economist Guy Standing in 2011, and it's estimated that a significant portion of the workforce in advanced economies now lives in this precarious state, lacking job security, benefits, and a clear career path.

Why this is interesting

You've probably heard of the working class, the middle class, and the upper class. But what if millions of people don't fit into any of those boxes—and their number is growing?