When we think of precarious employment we usually think of temporary, part-time or contract work however even those with full time well paying jobs can find that wrested from them in a blink of an eye. It doesn't matter how profitable or productive you are if the suits decide that they can improve the value of their stock options by off shoring or contracting out your job it's hasta la vista baby.
The National Employment Law Project; took a look at job losses from 2008 to 2010 and then compared those numbers to the types of jobs created from 2010 to 2012, It classified low-wage jobs as those earning $7.69 to $13.83 an hour, $13.84 to $21.13 an hour for mid-wage jobs and $21.14 to $54.55 for higher-wage jobs. Unsurprisingly they found that those jobs that fell in the mid range saw the greatest decline during the recession while post recession most jobs created fall within the lowest range..
employed or not will be living in poverty.
Thomas Walkom provides us with a good read on this subject in todays Star Happy Labour Day. It’s all pretty grim