1. This is a new social-economic class. They live precarious lives because their situations are so uncertain. They are unemployed and underemployed. They are often temporarily employed and earning low wages. It's not only that they earn little money, but they also find little meaning in what they do. The work pays low and is personally unfulfilling.
2. They are dangerous because they are made up of different groups: older men, immigrants, young underemployed graduates. They are not yet formed as a single group, and they may turn on one another.
One of the dangers is that this group is very much like pre-Hitler Germany. People felt excluded and were interested in any leader that had some one to blame for their troubles and provided a path for their future.
He has another book, The Precariat Charter, that is a list of steps that he thinks could be taken to provide better options for the precariat class to have a more productive and more stable future.
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