This is a great example of the perspective disconnect.

In trades, the risk is usually not financial. I come home every day smelling of petrochemicals, with minor to moderate injuries, having been on my feet for 8 hours, sometimes up on ladders with greasy boots on, climbing on, into, and out of machines that could maul me without even making an unusual sound, and carrying 100lb sharp steel parts up stairs because it’s more efficient than waiting forces the shop hands to do it.

While the risks certainly have financial components, they’re more “get cancer, brain damage, lose a limb, or maybe even your life” risks. Risk averse is career death.

> buying all the gear

Most blue collar jobs require this. A mechanic usually has to provide his own tools. This can be tens of thousands of dollars just for a basic set that lets you do standard jobs. Then you might have specialty tools for specific equipment.

Even a framer or roofer is bringing his own hammers, saws, PPE, and anything else that's required. You don't just roll up to a job and get handed everything you need like a software job.

At least in the factory I worked in prior to becoming a software engineer, there was a significantly higher component of physical risk than in any of the software jobs I've worked in

From above: "endless job that could kill somebody if you stop paying attention"

Cash flow and accounts receivable management is a headache for these guys