This article uses critical reflexivity as a method to document and analyse the ethical dilemmas that emerge when researching academic precarity across the permanent/precarious divide. With our project on long-term academic precarity as a case study, and as people who experienced long-term academic precarity, we take as the starting point other researchers’ silences on their positionality and about who does the work in the production of research on academic precarity. Although our small, unfunded project was driven by feminist ethics and transformative feminist praxis, there were some ethical issues we did not foresee, nor could we resolve. We focus on three main ethical dilemmas that arose as moments of discomfort, triggering extensive reflection and discussion: (1) authenticity and subjectivity, (2) disclosure of employment status and (3) complicity in and benefit from the precarisation of academic work, or what we term the ‘precarity dividend’. The article seeks to push the boundaries around how researchers hold themselves to account in the process of knowledge production. We suggest that precarity and especially the precarity dividend must become an inherent ethical consideration in all social scientific research design. It is a call for social researchers to make explicit – in writing, in ethics reviews and in presentations of their work – the labour process and labour conditions of all those involved.