89 lines
3 KiB
YAML
89 lines
3 KiB
YAML
abstract: 'Speculation has become a normalized occupational strategy and quotidian
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economic rationality that extends throughout society. Although there are
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many contemporary articulations of speculation, this article focuses on
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contract labor as a domain of financialization. Seen through this lens,
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contract labor can be understood as a speculative investment strategy
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wherein individuals leverage whatever assets they have at their disposal
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- savings, time, bodily health - to capture economic advantages. In
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particular, we explore the speculative practices of healthy individuals
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who enroll in pharmaceutical drug trials as their primary or critical
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source of income. Mobilizing speculative logics to maximize the money
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they can earn from their clinical trial participation, these contract
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workers employ what we term a future-income-over-immediate-pay calculus.
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This speculative calculus valorizes fictional projections of significant
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long-term future income over present financial opportunities. For the
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economically precarious individuals in our study, we argue that rather
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than effectively increasing their income, speculation on contract work
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serves a compensatory function, providing an important - but ultimately
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inadequate - sense of control over market conditions that thrive upon
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workers'' economic insecurity.'
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affiliation: 'Fisher, JA (Corresponding Author), Univ N Carolina, Dept Social Med,
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333E MacNider Hall,Campus Box 7240, Chapel Hill, NC 27599 USA.
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Fisher, JA (Corresponding Author), Univ N Carolina, Ctr Bioeth, 333E MacNider Hall,Campus
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Box 7240, Chapel Hill, NC 27599 USA.
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Fisher, Jill A., Univ N Carolina, Dept Social Med, 333E MacNider Hall,Campus Box
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7240, Chapel Hill, NC 27599 USA.
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Fisher, Jill A., Univ N Carolina, Ctr Bioeth, Social Med, Chapel Hill, NC 27599
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USA.
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Wood, Megan M.; Monahan, Torin, Univ N Carolina, Dept Commun, Chapel Hill, NC 27599
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USA.'
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author: Fisher, Jill A. and Wood, Megan M. and Monahan, Torin
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author-email: jill.fisher@unc.edu
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author_list:
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- family: Fisher
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given: Jill A.
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- family: Wood
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given: Megan M.
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- family: Monahan
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given: Torin
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da: '2023-09-28'
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doi: 10.1080/17530350.2020.1850504
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earlyaccessdate: DEC 2020
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eissn: 1753-0369
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files: []
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issn: 1753-0350
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journal: JOURNAL OF CULTURAL ECONOMY
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keywords: 'Clinical trials; independent contractors; financialization; labor;
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precarity; speculation'
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keywords-plus: PHASE-I; WORK; PARTICIPATION; KNOWLEDGE; ECONOMY; CRISIS; ETHICS; GIG
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language: English
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month: JUL 4
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number: '4'
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number-of-cited-references: '76'
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pages: 464-484
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papis_id: 1d71d905f77a9339b66f30e75ef432ae
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ref: Fisher2021speculatingprecariou
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times-cited: '4'
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title: 'Speculating on precarious income: finance cultures and the risky strategies
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of healthy volunteers in clinical drug trials'
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type: article
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unique-id: WOS:000600699900001
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usage-count-last-180-days: '2'
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usage-count-since-2013: '11'
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volume: '14'
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web-of-science-categories: Cultural Studies; Economics; Sociology
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year: '2021'
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