In 2000 the Member States of the EU resolved to make the Union the most competitive and dynamic knowledge-based economic zone in the world – an economy with the capacity to achieve sustained economic growth with more and better jobs and greater social cohesion.
Almost 10 years later we can only observe that these targets have not been achieved.
Worse still, due to a dramatic change in employment markets, the EU today is further from this target than ever. Employers' investment in training and development of employees have fallen and the number of poor-quality and insecure low-wage jobs has risen drastically.
What is Precarious Work?
Precarious work generally means poor wages, insecure employment, a lack of job protection for workers and difficulty for the latter to support their families. Employment should be considered precarious where features such as little or no job security, low and unsecured wages, a lack of social security (pensions, health insurance, unemployment benefit), no protection against dismissal, no vocational training, little or no health and safety at work and no trade union representation are present.