'Precarity' is a formal word often used in sociology, economics, and politics to describe a state of constant uncertainty and insecurity, especially regarding jobs and living standards.
The word 'precarious' comes from the Latin 'precarius', meaning 'obtained by asking or praying' — implying that you don't own it by right, and it depends on the goodwill of others (hence, it is insecure).
Example:
The adjective form is Precarious (खतरनाक / अस्थिर).
In modern economics, the term 'Precariat' (Precarity + Proletariat) is used to describe a new social class of people who have no job security, no benefits, and live paycheck to paycheck (e.g., contract workers, Uber drivers, freelancers).
Insecurity, uncertainty, instability, vulnerability, precariousness.
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