I’ve been recruited (ie lunch with hiring managers who wanted to talk to me) for such a role because of my experience based on my resume but I knew that I needed to take some time to get more real world experience in a few areas - cloud and front end and the $cool_kids JavaScript stack.
That being said, I am in my mid 40s and consider myself competitive in the local market as a back end developer/architect with the Microsoft stack and fairly competitive with AWS.
As far as being “privileged”, I found the industry to be mostly merit based over my 20+ year career. I’m a minority, below average height, went to a no name state college and I have a slight disability - not the model of someone with any “privilege”. I’ve never been rejected for a job that I thought I was qualified for - I also only use recruiters. I don’t waste my time blindly submitting resumes.
That may change in three or four years when I am looking for my next job. There are relatively few local companies that do the type of consulting that I’m focusing on compared to standard “full stack” developer/architect roles.
Don’t get me wrong I’ve worked as a consultant and really enjoyed it. But I’m also young and I can take risks like that. I honestly fear for anyone who doesn’t have a severely privileged background attempting to make this a viable career alternative to traditional work. There are so so many gotchas.