Here’s a book review:
The book suggests that there are now 5 classes:
1. Plutocrats (those with capital)
2. Salariat (those which have some permanent decent salary)
3. Free-ranging ‘Proficians’ (a few who can get work by having very in-demand skills, and get paid above average)
4. Old Working Classes (a few left over)
5. Precariat: People who bounce in and out of benefits (welfare) schemes.
And it doesn’t mention in the guardian write-up, but also there are structurally unemployed; people who are on benefits permanently, so these should be 6.
But what’s so sad about the precariat, is that it’s the creation of the new system which parcels up jobs into pieces, and makes it very difficult to get a permanent job (i.e., to become part of the salariat) in any field, whether teaching, lawyering, doctoring, professoring, librarianing, officeing, all of the jobs that used to be normal middle-class jobs, have been broken up (by managers who saw that this saved costs – benefits aren’t necessary, or can be lower, and salaries can be lower: if you get 3 people to do the work of one former full-time person, the full-time person would have merited a higher salary after some years, than 3 part-time people whose wages never increase and/or who aren’t ever around long enough for this to happen).
The precariat has happened to us, while we have allowed managers everywhere to adopt the new strategy, based on supply-side logic. That’s what too much supply-side gets you. What about demand side? People have to have money to spend in the economy? So far the logic is, that as long as a few plutocrats and salariatarians(?) have it to spend, this will be good enough; I suggest that indeed we need to think about demand side, or else we’ll never fully recover from 2007; but that is another story.