SharePoint Administrators Can’t Update Sensitivity Labels for Document Libraries

For whatever reason, SharePoint Online doesn’t allow administrators to control the settings of document libraries. In particular, default sensitivity labels. It seems crazy that other Microsoft 365 workloads allow administrators to manage the settings of things like mailboxes, groups, plans, and teams, but SharePoint Online holds steadfast to not allowing administrators go deeper than a site. It would be nice to see consistency around administrator access across all workloads.