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Everyone switching to "profitable degrees" ends up tanking the value of that degree and it's happened multiple times within the last 40 years. Dentistry in the 80s, law in the 90s, web design in the 00s, and now computer science in 2025. The trades, as you say, are no different. They're just a cheaper version of degrees with higher return on investment.
I suspect if your country is seeing plumbing and construction go down the drain, it's a sign new buildings aren't being built, repaired, or renovated. Could be due to too many empty office buildings since the start of covid making everything work from home.
Classic hog cycle
Corporate pigs will never be as cool as actual pigs.
I like how they never actually meet in 100% equilibrium, I appreciate the attention to detail