We are witnessing the slow death of the prestige career | Alice Lassman

White-collar work is at risk across the board, including at elite consulting firms that used to be a pathway to the 1%

Consulting is a delicate contract: endure two challenging, formative years - and in return, get a golden ticket to anywhere. Firms like McKinsey tout themselves as the CEO factory", and boast they're not surprised" to be consistently named the best place for future leaders.

The skills they promise to build - synthesis, sharp analysis, crisp communication, client-readiness, hypothesis-driven thinking - have enticed every generation's top graduates. Get an offer from a place like this, and everything else will fall into place: about as clear a guarantee of future success as you could get fresh out of a bachelors. These firms spent decades marketing themselves as production houses of excellence, and until recently, they were.

Alice Lassman is an economist who writes The Intimacy Economy, a Substack and forthcoming book on the economics of connection, care and relationships