This is a fascinating excerpt from Dylan Gottlieb (co-host of Who makes cents? podcast).
Lawyers’ misery was a side-effect of a mechanism that generated enormous profits while spreading insecurity to everyone else. That it all took place under a banner of meritocracy made it no less insidious – only harder to see. But make no mistake: while financialisation cracked open the door to a more diverse professional class, it immiserated the very white-collar workers who were tasked with remaking the US economy.