Graeber calls out publishing (including periodicals) as an industry in which it's nearly impossible to make it, long-term, unless you come from money, precisely

Graeber calls out publishing (including periodicals) as an industry in which it's nearly impossible to make it, long-term, unless you come from money, precisely because you have to be able to endure years on end of pay too low to live on (on top of college!) before you can get into a position that pays real money. Plus having a degree and network from an expensive private liberal arts school helps a ton with your odds of climbing the ladder. It's one of his examples, in Bullshit Jobs, of how desirable (artistic or pro-social) jobs that also pay a meaningful wage tend to be staffed mostly by the rich—so many people want to be in those fields (see also: non-profits) that wages at the bottom of the pyramid aren't high enough to support someone without other money helping them out, either from family money or a high-earning partner.