This is an addendum to Shannon’s post.
It occurs to me that the whole Obama phenomenon and the vitriolic attack on Gov. Palin are two sides of the same status anxiety.
Globalization, as it got started, hammered wages in the USA in manufacturing, by exposure to low wage competitors in China and in Mexico, as well as moving the Mexican workforce here. This made white collar workers relatively more wealthy, it gave them domestic servants, it held down inflation so their wages stayed steady while new and better products were coming online, and it did not initially subject them to competition, and they did not initially face job insecurity anything like what blue collar workers faced. As a result they were able to engage in all kinds of luxury purchasing and status posturing. Stylish domestic decor, a refined taste in imported wine, and other SWPL, for example, were noted and status ranking assigned with exquisite care. David Brooks is very good on this status signalling, in his book Bobos in Paradise. This was all flattering to white collar workers, many of whom had non-quantitative degrees, especially law degrees. They had money in their pockets and they had nice stuff in their homes, and foreign-born domestic help. Life looked pretty good. Looking down on the majority of their fellow citizens was a big part of their identity. But then, all of a sudden, they began to feel the winds of change blowing, too. Their jobs became insecure, or disappeared. They began to see that their university educations did not mean a one way ticket to affluence. This terrifying prospect has opened up and getting worse at the same time that blue collar America has had a chance to adjust, and may even be better positioned to handle the ongoing globalization, and other technological changes that are coming along at an accelerating rate.