Depends on the country and weight class of the financial institution, but among e.g. U.S. money center banks, branch bankers have been successively de-skilled for the last ~3.5 decades or so.
It is still nominally a white collar occupation but has, indeed, suffered in terms of prestige, compensation, and socioeconomic makeup of workforce versus other middle class mainstays, against a backdrop where the upper edge of the middle class is doing exceptionally well for itself.
Citation available if I Google for the academic papers but the handwavy version is “I write about this sort of thing for a living so uh self-cite for the moment.”
It is still nominally a white collar occupation but has, indeed, suffered in terms of prestige, compensation, and socioeconomic makeup of workforce versus other middle class mainstays, against a backdrop where the upper edge of the middle class is doing exceptionally well for itself.
Citation available if I Google for the academic papers but the handwavy version is “I write about this sort of thing for a living so uh self-cite for the moment.”