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I think the exact epistemological impacts can be hard to predict. Will it cause people to be more conservative, or will they work to differentiate themselves? In my graduate cohort, I have seen both reactions (I fell into the latter category myself, which luckily worked out).
The separate issue (and perhaps what you were referring to and I was just being dense), is who decides to go down this perilous route. And I do think that's an issue. If the economic hazards are high, you will only get people who come from great economic privilege.
And that definitely has its own epistemological impacts as well, though again I think it is not a totally straightforward thing.
Yes I meant elite in terms of financing (as you say) as well as the institutions. With fewer openings and with departments marketing themselves to dwindling in-major students, ivy-leaguers will win out most of the time.
Yes. And that also means (in my experience) far more "dynasty academics" (children of academics) as well. Nothing wrong with having those ("some of my best friends are the children of academics") but they do produce very different conversations than those of us not born into it.
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