Once a French neologism, precarity is now a household name describing in equal measure the fate of low-wage, part-time holders of bullshit jobs, seasonal and migrant workers, creative entrepreneurs of the self, “graduates with no future,” foreclosed homeowners, debtors and increasingly even segments of the salaried bourgeoisie. At its most basic, a term for the economic uncertainty and existential angst associated with the dissolution of fixed employment, precarity also suggests the disintegration of stable societal bonds, occupational identities, social protections and a sense of entitlement and belonging characteristic of the old proletariat. In short, then, precarity is the experiential dimension of the crisis of the society of work dating back to the 70s and 80s.

Increasingly advanced production methods, introduced since the 70s to tame shop-floor insubordination as well as reap the untapped potentials of global competition, have caused a decline in growth rates, which no amount of privatization, financialization and austerity measures has been able to make up for since. Andrew Kliman and others have argued that it is this real crisis in capitalist productivity that lies at the heart of the current slump, and not simply unrestrained financial gluttony, as the more short-termist analysis offer. As capitalist production develops, machines replace people and the rate of profitability, which is given by the human labor theory of value, drops, causing sluggish investment and slow growth. This is essentially Marx’s theory of economy crisis, aka the tendency of the profit rate to fall, but also a story we should know by now from Autonomist accounts about the transition from Fordism to post-Fordism (Hardt and Negri) or from profit extraction to rent-becoming-profit (Christian Marazzi), and from David Harvey’s accumulation by dispossession.

If we shift the scale of our focus from capital to labor, though, we see that the crisis of capitalist productivity is, in fact, a crisis of work or a crisis of a society built around work as the only legitimate point of access for income, status and citizenship rights. Again, Marx is instructive here: “Capital itself is the moving contradiction, [in] that it presses to reduce labour time to a minimum, while it posits labour time, on the other side, as sole measure and source of wealth.” Socially necessary labor is reduced to a minimum (through things like automation, outsourcing, and financialization) at the same time that human participation in paid work continues to remain our only measure and source of wealth. Work doesn’t disappear as a result. It becomes fragmented, devalued, and wasteful, ceasing to provide a social identity or a collective language of experience.

Precarity is a word for our time. It describes the slow disintegration of the historic bond between capitalism, democracy and the welfare state. But it also entails a rallying cry to reverse this situation. Continue reading →