Oh, you forget - we lie about social status, including to ourselves. Women and men. And as for what determines status ... first rule of social interaction: you can't ask a woman her age and you can't ask a man his wage (in other words: humans are social animals and this information is only available through playing the social game of deception).
So in practice 80% or so of the population is below "average social status". People who don't absolutely need to pair up (historically women can't earn, but require, money and men can't take care of a home/place to sleep, but have to), will refuse to pair up with someone below their signaled social status. In other words: there are TWO average social statuses. First, there is what people believe their own social status is. Second there is what people, on average, see as others social status.
In a "natural" human society, it's basically impossible for anyone over 25 or so to "pair up", unless they have a partner, which is not common at all. Since social status ALSO determines the distribution of food, at that point the first real period of weakness (you get sick, you hurt your leg, you ...) is the end. You can delay this by forming cliques, but not by that much.
Oh and of course, that has an analog in our society. Look how much a plumber gets paid (ie. it's pretty disappointing), despite the shortage. There are low status and high status jobs, and even where it doesn't make sense they determine pay. E.g. there are a lot of cities with a total glut of lawyers ... it makes no sense to give 7 figure wages for people when 70% of whom can't find work, but we do. By contrast there is an incredible shortage of construction workers, and still they're not paid half what a lawyer gets. Rather we'll get immigrants to do it. Why? Because a great many people would rather signal that they're above manual labor than get 7 figures a year.
In other words: I will live in destitution rather than admit I'm low social status, even if low social status would pay well.
Oh and don't forget credit cards: 80%+ of people worldwide consider feeling rich (and showing off) more important than, ironically, money. Note also the many complaints about the economy, which are never about having or not having money, the big complaint seen everywhere is that people who don't have money "feel poor". One might think it should be perfectly normal to not have money and feel poor.
Which also is the big lesson in investment that's coming up: countries will raise inflation to any level rather than cut expenditures. That's how we got to 20% inflation in the 80s. That's how Argentina or even Zimbabwe got there. Ie: when we're getting close to that point, for the love of God, don't buy government bonds.
Preventing obvious human habits from destroying us seems to me the best reason to really give developing AI your best effort. Because the whole "job destruction" argument has a hole in it you could fit a planet through: people don't want to do the destroyed jobs. What do you think is the best: AI taking jobs? Or, that we force young people into nursing, plumbing, construction, ... through more and more extreme measures and making everyone a lot poorer? That's how the system rebalances after all, make people poorer until the plumbing gets done.
Those are the choices. AI it is. At least for me.