It is sad to see that exploitation is happening everywhere. In the Philippines, contractualization is something similar. Big companies hire people for work, like sales ladies, supermarket baggers/helpers/cashiers, etc. After working for 6 months in a company, they should be regularized employees. But the companies 'fire' and reassign them to different branches before the 6th month. So they are never regularized. The company doesn't need to pay for their benefits like insurance or vacation leaves.
Companies are making record breaking income, and yet regular people suffer, and making ends meet become harder and harder. The world just isn't fair.