It is worrying and the causes are multifaceted.
Globalisation and mass immigration is economically net good, so you get (generally well off) economists arguing for it. The reality is that it does increase global wealth and reduce global wealth inequality. However, within wealthy countries (which are those we normally think about), it increases wealth inequality, especially for the bottom 25%. And trickle down has been proven not to work.
And that is leaving out the societal effects outside economics, which are again felt most keenly if you are less well off.
The problem is that, although the populist right talk a good book on making things better for poorer nationals, their policy just increase wealth inequality further (look at Trump). He talks to the man in the street, and makes policy for billionaires.
And then add in social media, which the right have exploited far better, and you have a recipe for a lurch to the far right.
Woke is a thing, however much people want to pretend it isn’t. A society should be able to openly discuss all issues including trans, immigration, islamism etc. Equally we need to remember our compassion for those worse off than ourselves (such as genuine asylum seekers).
People need to try to understand the other side of the debate, whichever side they are on. That is the hallmark of a genuine liberal democracy, and we are losing it.