In the UK, class is still discernible immediately by accent, schools are mostly segregated by class, etc. In Ireland, it's not like the UK... though some Dublin neighborhoods still have very distinct class accents. Even this is dying off. But.. class still exists in a more amorphous form broadly.
I have seen an apparent consensus that the upper class schools and such focus only on prestiege and signaling and then when they are placed in management by other from the background make a complete hash of it while thinking promoting someone who actually knows what they are doing would be an unthinkable faux pau because they might wear brown shoes in London or worse not coordinate their belt and shoes! It doesn't even seem to be a matter of capital given the fact there are apparently plenty of impoverished "patricians" and working class wealth to invest in and they were marrying into money from outside their silly class frameworks for generations.
It seems to be utterly useless on every level yet society still persists for some daft reason. Why not do away with it? Not in the "Get the gulitiones, senseless violence, and the full circle revolution started!" way but "A ignore the useless twits to stew in their own resulting irrelevance." way.
We even take the next step of referring those who point out racism as the actual racists.
The idea that "social desirability" does not reflect actually valuable stuff is foolish. Class exists in some form in every society. People are always hyper-aware of class issues, and it has always been a primary part of the college/career decision process.