Final answer:
The casualisation of the workforce can contribute to growing levels of poverty and inequality through low wages, lack of benefits, and uncertain income. In the long-term, it can perpetuate a cycle of poverty and limit upward mobility.
Step-by-step explanation:
The casualisation of the workforce refers to the trend of employers hiring workers on a temporary, part-time, or contract basis, rather than offering secure and permanent employment. This can contribute to growing levels of poverty and inequality in several ways:
- Low wages: Casual workers often receive lower wages compared to their permanent counterparts. This makes it difficult for them to meet their basic needs and can push them into poverty.
- Lack of benefits: Casual workers generally do not receive the same benefits as permanent employees, such as healthcare coverage or paid leave. This lack of benefits further exacerbates their financial insecurity.
- Uncertain and unstable income: Casual workers often face irregular work hours and unpredictable income. This makes it difficult for them to budget and plan for the future, leading to financial instability and inequality.
In the long-term, the casualisation of the workforce can deepen poverty and inequality by perpetuating a cycle of low wages, lack of benefits, and insecure employment. It can limit upward mobility and prevent individuals from escaping poverty.