But, I in a way int kind of makes sense.
/bin and /sbin, needed for system boot. /usr/bin and /usr/sbin for normal runtime.
's' for items regular users do not need to run, remember, UN*X is a multi-user system, not a one person system like macs, windows and in most cases Linux.
Because it was /etc (and of course the root directory) where the files for system boot and system administration went in some of the Unices of yesteryear. In AT&T Unix System 5 Release 3, for example, /etc was the location of /etc/init, /etc/telinit, and /etc/login .
sbin is actually quite complex, historically, because there were a whole lot of other directories as well.