That's also a statement used regularly by French newspapers. "Precaire" is a standard word in french to mean "underemployed", except it's a broader term for all

That's also a statement used regularly by French newspapers. "Precaire" is a standard word in french to mean "underemployed", except it's a broader term for all those who have shaky economic systems. Precarisation just means the process of more people falling into tenuous economic circumstances. It's a common topic of discussion in the US....the only difference is that word doesn't really exist in casual English.