ELI5: Explain Like I'm 5

Precariat

The precariat is a term that is used to describe people who do not have job stability and often have to take many different jobs to make ends meet. It's like having lots of little part-time jobs instead of one job that pays enough to get by. People in the precariat often don't have benefits like health insurance or a pension. They also don't have the same rights as people with regular jobs. It's hard to get ahead because there are so many people competing for the same jobs, and it's hard to save money when your income is always changing.