Navigating Precarity: Political Struggles and the Impact on the Shadow Economy

Abstract

This research study comprehends the phenomenon of the precariat and emphasizes the core issues surrounding multicontextual discourse. It examines the distinction between the precariat and the underclass, substantiates the use of the concept of “precariat” to describe a social group experiencing anomie. The study delves into the main forms of political struggle undertaken by the precariat, with particular attention to the alternative forms of political group organization and the latest means of protest employed. Furthermore, the authors highlight the potential impact of the precariat on the shadow economy or informal sector within the country. The research explores how the dynamic and diverse work situations of the precariat, often outside traditional labor laws and regulations, could contribute to the growth of informal work arrangements and activities. This consideration adds an important dimension to understanding the precariat’s role in contemporary society. The research explores the role of cities in addressing precariat vulnerabilities through formalization incentives, social security access, localized policies to uplift marginalized groups. Successful municipal programs can prevent growth of the shadow economy while promoting sustainable and inclusive development.  Moreover, the research study addresses the futurological prospects of the precariat issue in society at large. It also proposes directions for further investigation aimed at overcoming the negative trends associated with the precariatization of modern society, offering valuable insights into potential policy measures to address the concerns and vulnerabilities of the precariat in today’s rapidly changing world.  Keywords: precariat, shadow economy, sustainable development, labor law, anomie, underclass, protest, uncertainty, risk, inequality