I believe the key factor is our education systems have heavily implied blue collar labour is low status so now there are labour shortages and the average age for a blue collar worker in some parts of the USA is in the 60s. I expect wages of $50 - $60 per hour to get normalized and even higher rents as housing stock stagnates.
The Fine Homebuilding podcast has a discussion here.
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[ 3.0 ms ] story [ 13.2 ms ] threadThe Fine Homebuilding podcast has a discussion here.
https://www.finehomebuilding.com/2018/07/06/podcast-episode-...