Noun
precariat (countable and uncountable, plural precariats)
(sociology, collective) People suffering from precarity, especially as a social class; people living a precarious existence, without security or predictability, especially job security.
The precariat can be divided into three further groups – atavists, who look back to a lost past; nostalgics, who look forlornly for a present, a home; and progressives, who look for a lost future. Source: Internet
Some people call that “the precariat.” Source: Internet