My personal observation is rather: blue collar jobs (including office) are protected by unions and the company “then takes it out on university graduates that are not covered”. I am mainly talking “larger industrial companies” - that is where I grew up.

It is just so freakin easy to get an apprenticeship in comparison to getting a job with a university degree. And I am talking business/IT apprenticeship versus university counterparts. It’s not as much “those business hobos will all get unemployed and they deserve it” - it’s rather: “if you just sign up early and promise not to strive for ambition you are better off financially in a lot of cases”.