The Crash of Venture Labor
The Crash of Venture Labor
This chapter, which is concerned with the stock market crash, uses the interview data after the dot-com bust along with historical materials to illustrate some of the problems facing venture labor. It specifically explores the multiple framings of the dot-com crash and the impact of these contestations for people working in Silicon Alley, and more broadly, for the relationship to market structures. Building on the work of David Stark, Michel Callon, and Don Slater, the chapter argues that the way in which people’s perceptions determine the market and the way in which people respond to the market need to be more often considered in tandem as forces of both market construction and rational action. It reveals that dot-commers in Silicon Alley grappled with a problem which generations of workers from every sector have had to face.
Keywords: stock market crash, dot-com crash, venture labor, Silicon Alley, market structures, David Stark, Michel Callon, Don Slater
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