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That part is relatively easy to answer. When there are only enough tradespeople to maintain 10% of homes, the top 10% of income earners will get their services
by nostrademons 4y ago
That part is relatively easy to answer. When there are only enough tradespeople to maintain 10% of homes, the top 10% of income earners will get their services, and the top 10% will spend a majority of their wealth on home maintenance. It's already happening in areas with a lot of rich people and few tradespeople - it costs me $1000 to run a camera down my sewer line, $4K to roto-root it, about $20-30K to fix a collapsed pipe. The top-10% has been doing fine in terms of income, but now that it's so un-economical to go into a field other than tech or finance, they're going to have to spend a lot of that on essential services.
- ryandrake 4y agoMost of the trades companies around me won't even pick up the phone for a job less than $10K. And even then, they're booked out months in advance. These companies are making a fortune. Not sure how much of it trickles down to tradespeople wages, but from reading other threads on this article, it doesn't look like those guys don't get paid a lot, as a percentage of what's billed to the customer.