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Tag Archives: precariat

Yves Smith — Political Precariat

The point of the material cited in the post is the ripeness of the precariat politically for the left.  My sense is that the precariat is also ripe for the right and that is the probable direction given the rise of nationalist populism globally in reaction to the consequences of neoliberal globalization for most people other than the top quintile, with the bulk of the gains going to the top 0.01%.  So far the so-called left seems splintered, fractured and in disarray in comparison...

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The London Economic — Almost half of all Brits now admit they struggle to make ends meet

A shocking survey of 2,000 UK adults revealed 43 per cent are short of the cash they need to pay the bills an average of seven months each year. But one quarter said money is an uphill battle for them every single month.The average adult is forced to turn to their credit cards or overdraft to get them through to payday four out of every 12 months, with one in 10 saying this is the case each month.Six in 10 even went as far as to say they feel they are never going to make ends meet on their...

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