At the end of the day, if kids are struggling, they're going to feel frustrated. And they're going to take it out on the physically weakest kids and the ones who are most making them look bad by being good at school if they're not separated, protected, or somehow made mutually engaged (all of which are expensive things to implement). I don't think it has anything to do with anti intellectualism personally.
Basically the adult cops undercover as high school students try to make a first day impression and they sortof trash academics and try to intimidate kids interested in studying etc. So they try to be stereotypical 80s/90s popular kids. It spectacularly backfires and they have to change their approach. It's actually a surprisingly insightful scene in the context of this discussion.
But as an American someone in their mid-40s...can anecdotally say it was definitely true in the 80s-90s.
It's a senseless/strange phenomenon that definitely existed but seems to have naturally died off. Guessing it's related to the increasing amount of tech-billionaires during this time. In general in American society, people with money are considered "cool".