Here is the full transcript of British professor Guy Standing’s TEDx Talk: What is the Precariat at TEDxPrague conference.
Guy Standing – British professor
Thank you, thank you. The hardest time to talk at a conference is just after lunch, when you’d all like to be sleeping, especially after listening to lovely music.
We are in the middle of a global transformation. What that means is, we’re seeing the painful construction of a global market economy. And over the past 30 years neoliberalism has fashioned this system. Markets have been opened, and yet intellectual property rights have ensured that a tiny minority of people are receiving most of the income. And we’ve seen that the world’s labor supply has quadrupled.
What that means is an extra two billion people have become part of the global labor market. And that has put huge downward pressure on our wages in Europe, and in the United States and Japan. And they won’t rise in the foreseeable future.
And underneath that growing inequality and growing insecurity, a new class structure has been taking shape in the world that we – intellectually, politically and as citizens – must confront. At the top is the plutocracy and oligarchs and an elite, receiving more and more of the world’s income with vast power.
Underneath is a salariat, people with employment, security and pensions and paid holidays and things like that, shrinking in numbers and worried about their sons and daughters. And then the old proletariat, the working class of the 20th century which is shrinking everywhere.
Underneath that is the precariat, and underneath the precariat is a lumpen underclass of people dying in the streets prematurely. Now the precariat consists of millions of people, defined by three dimensions. First, they are having to habituate themselves to a life of a unstable labor and unstable living.
A sort of existential insecurity. They don’t have any occupational narrative to give to their lives: a narrative that would say, I am becoming something; I am something. They don’t have that. In addition, they have to do a hell of a lot of work for labor.
Work that is not remunerated, is not recognized and is ignored, but unless they do it, they will suffer consequences. This is the first class in history whose level of education is above the level of labor they can expect to obtain. And this creates what I call the precariatized mind: You don’t know what is the best thing to be doing with your time! Should I do this or that, or a bit of that or retraining or networking? You’re constantly faced with uncertainty.
And that’s the second aspect of the precariat: the precariat has to rely on money wages, it doesn’t get access to non-wage benefits like pensions, and paid holidays, medical leave etc. It has to bear the risks themselves.
And as a consequence, not only are they facing a life of economic uncertainty, but they’re always on the edge of unsustainable debt. One mistake, one accident, one bad decision, and they could be out in the streets. That’s the reality of the precariat.
And the third aspect is that this is the first emerging class in history that is systematically losing the great rights: civil rights, cultural rights, social rights, political rights. They don’t see in the political spectrum parties or politicians that represent their interests and aspirations.
And they’re losing economic rights because they cannot practice and do what they’re qualified to do. That’s the reality of the precariat. But this is not an accident: it is desired by global capitalism, and it will not go away. The tragedy at the moment is, the precariat is split into three factions.
The first faction is what I call atavists. These are people who are looking backwards: their parents or their communities used to have occupations and pride and status. Miners, dockers, steelworkers, car workers. But they don’t have that. And they have a sense of relative deprivation of a lost past. This part of the precariat does not have a university education, and therefore they tend to listen to the neo-fascists populists, one after the other.
And today, a lot of elites and prominent people are getting worried. I think we should encourage them to be worried. Let them have nightmares, in with their worry. I’ve described some of their nightmares in my new book,.I have a few copies outside if anybody’s interested.
The second faction of the precariat consists of the migrants, the roamer, the minorities, the refugees. People I described as nostalgics, because they have no sense of home. No home here, there, anywhere. They keep their heads down because they have to survive. But every now and then, as I saw outside Stockholm last year, the pressures get too great, and they explode in days of rage. And you cannot blame them.
The third faction in the precariat consists of what I call progressives. They go to college, they go to university, their parents told them they will have a future. And they come out, and they have no future. Except, around their necks they have debt, debt stretching into the future. This part of the precariat may be suffering from anomia, a sense of desperation, a sense of alienation and a sense of anxiety.
But they are also suffering from something I want to convey to you. Anger! That anger is justified, but fortunately this part of the precariat will not turn to neo-fascists, nationalists. They will not vote for Brexit or for Trump, or for Marine Le Pen. But they’re looking for a politics of paradise, a new progressive politics. And it is our responsibility to re-engage, politically speaking.