Student debt vs blue-collar wealth. Are degrees just expensive status symbols now?

As student loan debt explodes and many graduates struggle with underemployment, degrees have become overpriced status symbols—sold on prestige and social approval rather than real economic return. Blue-collar workers in trades like construction, plumbing, electrical work, and logistics are increasingly building wealth without taking on massive debt. Is academic credentials equal intelligence and success, while hands-on work is somehow lesser. Is higher education still an investment—or has it become a luxury brand financed by lifelong debt?