In the Chronicle of Higher Education, Thomas Benton explains why middle-class students should not be seduced by a “life of the mind” in academia; unless they know what they’re getting into. Namely, post-graduate degrees and the academic life are set up in such a way that only the socially and financially privileged can really take advantage of them.

Some people have mistaken my position that graduate school in the humanities is fine for the rich and connected for the view that that’s how it should be, as if I am some kind of smug elitist. It often happens that readers—looking only at an excerpt from a column—mistake practical advice about coping with a harsh reality for an affirmation of that reality, instead of a criticism of it.
One reason that graduate school is for the already privileged is that it is structurally dependent on people who are neither privileged nor connected. Wealthy students are not trapped by the system; they can take what they want from it, not feel pressured, and walk away at any point with minimal consequences. They do not have to obsess about whether some professor really likes them. If they are determined to become academics, they can select universities on the basis of reputation rather than money. They can focus on research rather than scrambling for time-consuming teaching and research assistantships to help pay the bills. And, when they go on the market, they can hold out for the perfect position rather than accepting whatever is available.
But the system over which the privileged preside does not ultimately depend on them for the daily functioning of higher education (which is now, as we all know, drifting toward a part-time, no-benefit business). The ranks of new Ph.D.’s and adjuncts these days are mainly composed of people from below the upper-middle class: people who believe from infancy that more education equals more opportunity. They see the professions as a path to security and status.

But it’s a more frustrating path than most are prepared for:

The myth of the academic meritocracy powerfully affects students from families that believe in education, that may or may not have attained a few undergraduate degrees, but do not have a lot of experience with how access to the professions is controlled. Their daughter goes to graduate school, earns a doctorate in comparative literature from an Ivy League university, everyone is proud of her, and then they are shocked when she struggles for years to earn more than the minimum wage. (Meanwhile, her brother—who was never very good at school—makes a decent living fixing HVAC systems with a six-month certificate from a for-profit school near the Interstate.)

Benton’s goal isn’t to dissuade people from following their chosen career paths, but to make them aware that it isn’t going to be easy and that the risk/reward ratio may not be what they think.