Precarity

A state of being uncertain or unstable, which doesn't provide any guarantees or security.

"Precarity is the condition of insecurity experienced by increasing numbers of workers and would-be workers in the neoliberal era – of being permanently on the edge of unemployment, having to make do with casual, temporary, perhaps part-time work, or combining several jobs."
(Callincos, A., Universities in a Neoliberal World, Bookmarks Publications, 2006, visited 2010-07-06)