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Everywhere I've been, good technologists - right alongside good lab managers - are universally well regarded, and many professors I know will insulate their techs jobs from the vagaries of grant funding as best they can. And when labs do hit rocky periods, its usually the techs they worry about the most.

Being "well regarded" doesn't pay rent. As a technologist in academia, my largest complaint is that the money is maybe 40% of industry rate.

Sure, if you're good, you get some kind of respect, but respect sans doctorate still won't let you join the "academic" caste as far as the PhDs who tell you what to do are concerned. If you're good, you're considered to be akin to an especially fast and vigorous race horse, not a skilled jockey.

Even respect with a doctorate might not cut it.

This has not been my experience.

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