> pejoratively named "trade schools"
That's an accurate name, and only seems pejorative if you see learning a trade as lesser than studying academics.
> name university can confer a bachelor's in some bullshit field, but the respectable local trade school cannot confer a bachelor's in plumbing
This misunderstands what the different kinds of credentials are.
You're hiding behind semantics.
Why should there be a difference in the degree being conferred at all? And if so, why not split off the departments that confer degrees with a low-earning potential and call them "entertainment schools" or something?