Casualization of workforce would result in:

The correct answer is Option (2) → Increase in the vulnerability of the workforce.

"The distribution of workforce in different status indicates that over the last five decades (1972-2018), people have moved from self-employment and regular salaried employment to casual wage work. Scholars call the process of moving from self-employment and regular salaried employment to casual wage work noticed during 1972-94 as casualisation of workforce. This makes the workers highly vulnerable."