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" People in the precariat find themselves in the situation where the level of their education and qualifications is almost always higher than the sort of labour that they're going to be able to obtain. "

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" The IP system is an artificial construct that excessively rewards owners of intellectual property, granting them monopolies over inventions and ideas that, in many cases, are the product of generations of thinkers and/or publicly funded research. "

Guy Standing

Ideas

Intellectual

Product

" The precariat is the first class in history to be losing acquired rights - cultural, civil, social, economic, and political. "

" We need a new model of social protection. Let us accept that jobs are not the magic solution - and that in a globalised market, job guarantees are a false promise. Let us accept flexible labour, too. But in return, let us have a society in which everybody has a right to basic security and a more equal access to other insurance-based schemes. "

" Every progressive movement has been built on the anger, needs, and aspirations of the emerging major class. "

" A democratically governed national fracking fund should be set up, perhaps similar to what Norway and Alaska have. Areas of drilling should be rented to companies through public tender, with or without subsidies, and a rising share of profits beyond a negotiated upper limit should be deposited in the national capital fund. "

" People want to work, but they don't want to necessarily want to do labour. "

" I don't see basic income as a panacea, but we must have a new income distribution system. The old one has broken down irretrievably. "

" What distinguishes a commons is that it is not private property, does not have a price, and is oriented towards 'use value' rather than 'exchange value.' It does not exist to generate profits. "

" Twentieth-century welfare state capitalism was historically unique in that national income was split between wages and profits, labour and capital. "

" Most existing national capital funds have been built up from royalties from oil and other minerals. They need not be limited that way. Most are anything but democratic. That could be changed. "

" Since all political parties blame the others for the economic mess, it is unfair to attribute unemployment to individual behaviour. "

" People in the precariat rely very heavily on money wages. "

" Corporations and financiers have used their growing influence to induce governments and international organizations to construct a global framework of institutions and regulations that enable elites to maximize their rental income. "

" Millions of people in many so-called democratic countries have lost the right to vote, or never obtain it. And millions clearly feel that the political mainstream is not articulating a vocabulary or policies oriented to their needs and aspirations. "

" If I care for an elderly relative without payment, it is not work, is not counted in national income, and, as it is not labour, is not counted as work. Should my neighbour pay me to do precisely the same tasks, it would contribute to economic growth. "

" Successive governments in the U.K. have worked to create a more flexible labour market, which also meant labour insecurity. They allowed wages to drop and non-wage benefits to shrivel, creating worse inequality than statistics reveal. "

Guy Standing

Inequality

Statistics

" The Latin root of 'precariousness' is 'to obtain by prayer.' The precariat must ask for favours, for charity, to show obsequiousness, to plead with figures of authority. It is degrading and stigmatizing. "

" Politicians should reflect on the well-documented fact that fearful, insecure people lose their sense of tolerance and altruism. "

" Chronically insecure people easily lose their altruism, tolerance, and respect for non-conformity. If they have no alternative on offer, they can be led to attribute their plight to strangers in their midst. "

" Although the precariat does not consist simply of victims, since many in it challenge their parents' labouring ethic, its growth has been accelerated by the neoliberalism of globalisation, which put faith in labour market flexibility, the commodification of everything, and the restructuring of social protection. "

" The precariat faces chronic uncertainty about what to do, about what incomes to expect, about state benefits that might be their due, about their relationships, their homes, and about the occupations they can realistically expect. "

" What we need is a slow time movement to gain control over time and an overhaul of work statistics to give a better perspective on all the work being done and how much of it is undesirable, unnecessary, and demeaning. "

" The precariat is today's mass class, which is both dangerous, in rejecting old political party agendas, and transformative, in wanting to become strong enough to be able to abolish itself, to abolish the conditions of insecurity and inequality that define it. "

" In financial affairs and dealings with the state, those in the precariat are disadvantaged since they are usually less well-informed and have to do much more to satisfy demands made on them if they want to gain meagre state benefits. "

" If schooling becomes little more than preparation for the job market and consumption, it cannot produce socially responsible and altruistic citizens. "

Guy Standing

Preparation

Responsible

" Retraining for the precariat is stressful and demoralising; often, they learn new tricks only to find them obsolescent or unwanted. "

" In the old 20th-century income distribution system, the shares of income going to capital, mainly in profits, and labor, in wages and non-wage benefits, were roughly stable. But that system is no more. "

Guy Standing

Wages

Old

" What we can say with confidence is that the technological revolution is worsening inequality, due mostly to mechanisms that limit free markets. It is also bringing about disruptive change that is intensifying insecurity and may indeed lead to large-scale labor displacement. "

" Many low-income people in the U.S.A. charged with a crime opt to plead guilty to a lesser offence because they cannot afford to go to trial. "

Guy Standing

Because

Crime

" 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. "