Dr. Allan Thompson
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The “Precariat” Population Explosion In a recent Time article (Jan. 23, 2017) Klaus Schwab, the founder of the World Economic Forum that meets yearly in Davos, Switzerland, used the term Precariat to describe a growing segment of society. The term is what linguists call a portmanteau, a combination of not only words but also their meanings (think ‘smog’ as smoke and fog combining as a word and also in reality). Schwab describes a “condition of existence w/o predictability or security, affecting material or psychological welfare” and it comes from two words: precarious (unstable, easy to tip or knock off balance) and proletariat (class of wage earners). He predicted that >3.5 million cashiers

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