Usually means: Class with unstable, precarious employment.
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We found 3 dictionaries that define the word precariat:

General (3 matching dictionaries)
  1. precariat: The Word Spy
  2. precariat: Wiktionary
  3. Precariat: Wikipedia, the Free Encyclopedia

Definitions from Wiktionary (precariat)

noun:  (sociology, collective) People suffering from precarity, especially as a social class; people living a precarious existence, without security or predictability, especially job security.

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