[falcor84]

Thanks for introducing me to the term Precariat. It was quite interesting to read the Wikipedia article[0] about it now and attach a name to the phenomenon.

[0] https://en.wikipedia.org/wiki/Precariat > In sociology and economics, the precariat (/prɪˈkɛəriət/) is a neologism for a social class formed by people suffering from precarity, which means existing without predictability or security, affecting material or psychological welfare.