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To assume that it is degrading to men for a woman to be more successful is to assume not only that we are hyper-sensitive beings who simply wither away in the face of female ambition but also that somehow women who display power, especially within relationships, are committing an act of immorality. Only then could it be referred to as a "degradation." This "moral" nonsense feeds into the standard definition of "masculine" (and, thus, "emasculation"), which ties dominance, power, and success to male nature alone.
This idea that women are the new men on TV is the same thinking that constantly debates whether Obama is "black" enough.