Answer:
Precariat
Step-by-step explanation:
A precariat can be defined as a social class that consists of people who suffers from precarity. Precarity is a condition of having an unstable and insecure job.
So, people who are a part of precariat social class are those who do not have stable jobs, financial security, and they are even denied any employment benefits. One of the characteristics of a precariat are that they lack schooling.
In the given case, Fred lacks schooling and do not have a secure job. His financial conditions depends upon the wages that he gets and he also does not have a financial security. He also do not have any employment benefits such as paid leaves.
So, the correct answer is precariat.