Labour adheres to supply/demand. Now that boomers are retiring who primarily made up most of the blue-collar workers, there's a derth of them and its only going to get worse.
So homeboy with the hardhat is gonna be making 6 figures easily out of 2 year apprenticeship while your fancy university degrees will be competing with all the other Asian students raised with this mentality.
We were all under the assumption automation was going to replace manual labour first, turns out its actually the code monkeys and adminstrators who are biting the bullet.
Millenials' prospects are shattered and social development has been stunted because these milestones are unattainable. Even current homeowners who are seeing real estate as an investment vehicle are supporting an alarming trend where right to own is becoming a thing of the past. They will pass on their assets to their kids or sell them off, which are increasingly going to investors using them as short-term rentals. Everything is just going to be perpetual payments.
And on the other end of things, where labour is becoming increasingly devalued either due to unsustainable immigration (see disconnect between federal and provincial policies) or because of automation (the gain in new careers << loss of old careers), future generations are worse off (so why would you have kids?).
And this situation is not going to be fixed until, like you alluded, there is a demographic shift. But that's like 10-20 years, when there's going to be a derth of immigrants (they are leaving in record numbers because the illusion of opportunity is increasingly shattered, there was an article posted on here a while back iirc) and boomers are retiring with little-no savings so they sell to increase supply. Actually I'm not even sure that will fix it, because then the investors just swoop in and buy it for pennies on the dollar like in '08, unless we have legislation to prevent it by then.
That leads to unexpected consequences of them. Shrinkflation, strong-arming suppliers even more, etc. And then adminstrating/enforcing against infractions just becomes prohibitive to maintain.
In Not just Bikes video on the subject, they've demonstrated that the utility portion of small trucks/ SUVs from all the auto makers have been getting weaker over time (loss of cargo space), and yet people still buy them.
I mean, at this point, they don't really have any self determination, so it doesn't change anything.
In the end, all this conflict is going to end up with Israel taking even more land away from the Gaza strip regardless of how many Palestinians are further slummed into the south, and the 24/7 news cycle will make a transient hub-bub about it, and then the new borders will become the status quo.
because the rich have convinced one segment of the working class that the other segment of the working class sucks