Fixed it. Labor is subject to the same laws of supply and demand curve as any other commodity.
You and I have discussed wages often.
Imho the key point is that in an inflationary environment companies cannot afford to raise worker wages to keep up with inflation.
Companies must project future cost increases in their projections, and if those are uncertain they must estimate on the high side.
It is not greed or selfishness, it is just common sense.
That creates a lose lose scenario for both companies and workers.
Plus not enough young people going into the trades - more electricians retired in the past 3 years than replacements coming into the trade.