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by thechao
169 days ago
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Real income in trades is up; that doesn't mean it's great pay, just up. Real housing costs have greatly outpaced that. It's the crazy post-2000 low interest boom-bust cycle that's wrecking the housing trades as a functional job. Trades are hugely oversubscribed during the boom, and the busts are too long to maintain the labor force. If we want to build housing, we'll need a stabilizing force for that. I don't see a way to make that happen outside of govt intervention. |
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