The working world, when it was male dominant, was 100x more fun to work in. Guys could "shoot-the-shit" with each other, say whatever they wanted and competitiveness was seen as fun not as "toxic". The work environment when it was male dominant made people better because the men would compete with one another and strive to improve. Work was actually a lot more "fun" and in some ways it was a "safe-space" for men to get away from all the drama and toxicity that existed in their personal lives.
Women have utterly destroyed the workplace. Men's lives are inarguably much worse with women in the workplace. Nothing good has come of this.
I’d say the lost of companionship is also a factor. The enormous push of calling any group of men hanging out as “gay” has done incredible damage to male fellowship. Few things remain that provide then fellowship but they are slowly being killed the governments of the word.
I think the "gay" is less damaging than the fact that men have to now include gays and women or be a bigot. I've been in male-only groups and the way in which women react when they hear about male-only groups is extremely belligerent, aggressive and combative. Women want to destroy these groups. I grew up playing sports and every guy joked about other guys being gay but it was all jokes and no one took it seriously. The "gay" didn't destroy the men's-only groups. The women truly destroyed these groups. Women specifically targeted these men-only groups and still do to this day because feminists know if men had an opportunity to congregate as men-only that poses a threat to women. Governments latched onto this because men are easier to control when they're not congregating with other men but are forced to congregate with women. By controlling the women then the government controls the men and the government doesn't have to fear any resistance because the men don't congregate with men anymore thanks to women destroying it. The fag thing you describe sounds nice as a rationale and in some regards, it's humiliating and adds insult to injury but the brunt of the damage was caused by women. Men can get over the gay thing and not give a shit because that's what men do. Women change everything though and their presence makes it difficult for men to be men anymore.