Student loan debt tops credit card debt, expected to hit $1Trillion this year
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Why? You do realize the blue collar jobs have very low ceilings, automation reduces the quantity annually, so what one enters as ..if lucky.one can stay at. The clerical spot you diss, well, in 5 years, that person is at minimum Senior Staff level in most cases, at 3 times the pay, and Controller or CFO at six figures inside 10-15 years.
While there are many heads to count at a senior staff level, a level you generally reach through promotion, which is not automatic nor guaranteed, or was hired at that level, within an organization, there is only 1 head required for each CFO and Controller position.
True, softblue, but a typical department is most likely 1-2 dozen, and ends up promoting several over many years, whereas in a factory, there will most likely be a few hundred at entry/near-entry level stuff, with headcounts going down each year, as automation is substituted, hence promotion possibilities are far more remote.