overworked precariat paradox
A term of my own creation. A particular way that late capitalism affects the working class, often making them members of the precariat, by ensuring that they are overworked regardless of the current state of the economy. When times are bad, they are overworked because they have to put in more hours to make ends meet. When times are good, their skills are in demand, so they are more securely employed, but the owner class overworks them in order to extract as much value out of workers for their own gain.
Mentioned in passing on episode 0 of the Never Post podcast, timestamp 11:30.