The distribution of workforce in different sectors indicates that over the last five decades (1972-2018), people have moved from self-employment and regular salaried employment to casual wage work. What is this process called?

Casualisation of workforce

The correct answer is Option (4) → Casualisation of workforce

This term refers to the process where a growing number of workers move from more stable forms of employment, such as self-employment and regular salaried jobs, to more precarious forms of employment, such as casual wage work. This shift indicates a decline in job security and benefits associated with formal employment, reflecting changes in labor market dynamics over the decades.