Oct 1, 2026 · 36 min · 10 segments
When novelist Min Jin Lee writes a book, she goes deep. She spends years researching, interviewing relevant people whose experiences and jobs will comprise her characters and plot. In her new book…
Min Jin LeeGuest
Mary ChildsHost
However, this focus and this educational arms race is actually happening in every country that has a middle class and is rising.
And then very highly selective schools in America right now and children of all backgrounds, if you want to work in private equity, you have to apply for the private equity club.
And if you don't get into the right private equity club or the venture capital club, it's unlikely that you'll get recruited at the school.
So what we're talking about really is that we have these great financial pressures.
So the pressure that people are feeling right now is really an economic pressure.
It's a financial burden and, of course, the cost of education and the burdens of interest rates going higher for student loans.
However, this focus and this educational arms race is actually happening in every country that has a middle class and is rising.
And then very highly selective schools in America right now and children of all backgrounds, if you want to work in private equity, you have to apply for the private equity club.
And if you don't get into the right private equity club or the venture capital club, it's unlikely that you'll get recruited at the school.
So what we're talking about really is that we have these great financial pressures.
So the pressure that people are feeling right now is really an economic pressure.
It's a financial burden and, of course, the cost of education and the burdens of interest rates going higher for student loans.
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