Showing posts with label precariat. Show all posts
Showing posts with label precariat. Show all posts

Saturday, May 12, 2018

Yves Smith — Political Precariat


The point of the material cited in the post is the ripeness of the precariat politically for the left. 

My sense is that the precariat is also ripe for the right and that is the probable direction given the rise of nationalist populism globally in reaction to the consequences of neoliberal globalization for most people other than the top quintile, with the bulk of the gains going to the top 0.01%. 

So far the so-called left seems splintered, fractured and in disarray in comparison with the simple messaging of the so-called alt-right.

Naked Capitalism
Political Precariat
Yves Smith

Monday, April 23, 2018

The London Economic — Almost half of all Brits now admit they struggle to make ends meet

A shocking survey of 2,000 UK adults revealed 43 per cent are short of the cash they need to pay the bills an average of seven months each year.
But one quarter said money is an uphill battle for them every single month.
The average adult is forced to turn to their credit cards or overdraft to get them through to payday four out of every 12 months, with one in 10 saying this is the case each month.
Six in 10 even went as far as to say they feel they are never going to make ends meet on their current salary.
Louise Harper-King, spokeswoman for OnePoll.com which carried out the research, said: “With rising costs and wages not following suit, it’s not a surprise so many people are struggling....
Welcome to the precariat. The article gets worse as it goes along.

The London Economic
Almost half of all Brits now admit they struggle to make ends meet

Related

Government "out of touch" as number of zero hours contracts creeps up to 2 million

See also
The UK is at the centre of global corruption: shell companies that launder dirty money can be set up with ease. But when a whistleblower showed just how easy it is, he faced the full force of the law
Welcome to the City of London and its global environs (tax havens) are notorious for their freewheeling style. But it is not just the City. All this "openness" is government policy.

The Guardian (22 April 2018)
Britain, headquarters of fraud
Oliver Bullough


Tuesday, April 4, 2017

Allison J. Pugh — What Happens at Home When People Can’t Depend on Stable Work

My research, involving men and women who experience varying levels of job insecurity, suggests that the dampening expectations they have for employer commitment requires them to moderate the kinds of feelings they allow themselves to have in the event of a layoff. This is especially true for less-educated workers, who are most likely to say they could lose their jobs in the next year.…
So when we talk about work today, we have to talk about it in the context of an unrequited contract, our collective acquiescence to the notion that work can no longer be counted on....
Wake-up from a sociologist. The psychological impact of job insecurity can be devastating, as is shown in health and suicide statistics such as cited by Anne Case and Angus Deaton.

JG to the rescue.

Harvard Business Review
What Happens at Home When People Can’t Depend on Stable Work
Allison J. Pugh is a sociologist at the University of Virginia and a 2016-17 Fellow at the Center for Advanced Study in the Behavioral Sciences, as well as a 2016-17 American Council of Learned Societies Fellow