I want you to know I’m not an uncritical lover of new words. And it’s not solely because they’re new. I do discriminate, and among my favourites may be found new words for groups of people, whose very labelling tells us something about the world we live in.
One such newie is precariat, clearly a blend of “precarious” and the suffix “–at”, perhaps best characterised in the term the “proletariat”. The use of the definite article (“the”) is a dead giveaway too. I’m thinking of other coinages in this category, like the commentariat. The category is typified by member nouns, using the suffix “-ian”: proletarian, Rotarian, authoritarian, establishmentarian, totalitarian, libertarian.
I found it in an advertisement for an upcoming lecture at The University of Sydney, where, no doubt, all will be explained.
The Precariat: A new dangerous underclass
9 February, 6.00pm
A generation of educated people now start their working life in debt, but many are not offered any job security in the new flexible labour market, and drift towards casual and part-time work. Will they form a new under-class that threaten existing social structures? Professor Guy Standing, Professor of Economic Security at the University of Bath, has coined a new term for these people and others in social and economic insecurity—the precariat
Millions of people, including many in Australia, are entering a global precariat, part of a class structure shaped by globalisation. This lecture, drawing on a new book, poses five questions. What is the precariat? Why care? Why is it growing? Who is most likely to be in it? And where is it leading us?
The brief answer to the first question is that it consists of millions of people in social and economic insecurity, without occupational identities, drifting in and out of jobs, constantly worried about their incomes, housing and much else. It particularly affects youth, many realising that their certificates and degrees are little more than lottery tickets, leading many into status frustration.
Will the precariat’s growth lead towards an authoritarian politics of inferno, with neo-fascist overtones? Or will a progressive agenda emerge in the squares and cities of protest, responding to Enlightenment values and the aspirations of the educated younger generation being drawn into the precariat?
The lecture will examine the labour market dynamics underpinning the growth of the precariat and outline the new ‘politics of paradise’ taking shape outside the political mainstream.