Yes I think you could look at it that way, a robbery-holdup is seen as a blue collar crime, whereas embezzlement, or insider trading of stock account funds is seen as a white collar crime.

Professor Edwin Hardin Sutherland

Common crimes like theft, burglary, and assault.

It is a crime committed by people from a lower social class, often just for personal gain, like a mugging or armed robbery. This differs from more sophisticated crimes such as embezzlement, which would be committed by people of a higher class on a larger scale and are referred to as white collar crime. Blue collar crime could be by an individual or a gang.

White Collar crimes can have a far worse impact than blue collar crimes, look up 'Madoff'. Also they usually do not receive equal punishments. Blue collar punishments tend to be worse.