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>What actually replaces the suit, watch and shiny shoes is p speech, body language (or a google search revealing your prestigous keynote speech) that one is a member of a particular group.

I wouldn't say "replaces"; the speech patterns, body language, and credentials are there whether you're in a suit or not.

As to class mobility: if the kind of people who get promoted in your workplace are the ones that, for example, have mutual friends from the same circles (and maybe the same college) as the boss, then wearing a suit isn't going help your career.



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