For every anecdote of a plumber making $20k/month in a HCOL area, there are probably 3-4 plumbers who are barely pulling $70k/year in M/LCOL and end up having health problems.
My family is the 'petite bourgeois'(owners that labor alongside their workers[0]) that Marx said were the only people that actually had a choice in the class war and were the breeding grounds for fascism.
We did management too, but labored with the employees all the same. Did we get paid more? Sometimes, but we had to go without pay a lot and pick up other jobs. Still, my sibling and I went to college debt free, none of the employees' kids did that [1].
[0] https://en.wikipedia.org/wiki/Petite_bourgeoisie
[1] https://en.wikipedia.org/wiki/Professional%E2%80%93manageria...