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According to the text, a common critique of liberalism is that
Precariat Class
A social class formed by people suffering from precarity, which entails living without predictability or security, especially in employment.
Job Insecurity
The lack of certainty about one's employment status, including the risk of unemployment or underemployment.
Geographical Arbitrage
The practice of taking advantage of price differences between geographic locations by buying low in one area and selling high in another.
Post-Fordist Organizations
Refer to a shift in organizational structures emphasizing flexibility, innovation, and decentralized decision-making, moving away from mass production and rigid hierarchies characteristic of the Fordist era.
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