I think there was a historical change that has complicated our conversation about status. In the 50's, the peak of this, it seemed like many people got a 'deal' that went something like this: you & your work colleagues could afford a house, car, and the costs associated with several children, starting in your 20's. All of those things at a pretty high level actually (ie not a terrible unsafe house, not a broken down…
> So while in the 50's, the advantages to being more high status seemed almost cosmetic Is this the same Fifties with white and colored water fountains, and where women had to leave office jobs when they married?
Higher wealth disparity, based on its impact on social stability, measured independently, is bad. Racism/sexism are bad. The impact of things must be measured separately, so our ideas regarding how to improve society are higher resolution and more accurate.