I'm not so sure of this. I have lots of trade friends/acquaintances/family members because my family runs a construction business. I know lots of people in the trades who are struggling and can't afford to own a house in the "cheap" midwest. Some are 30 and have been at it for several years and still live with their parents or shake up 6+ to a rented 3 bedroom.

They are skilled too, mechanics, electricians, welders.

The old dudes running the business make bank, for sure. But the people turning the wrenches are still getting the shaft.

I think that's only true for the skilled trades and not the laborers or apprentices.

You're correct. Only a small minority of those have reached parity. But the relative increase has been quite large, proportionally. And I would note that in aggregate even the lowest paid workers (seasonal labor) have seen increases in their pay and bargaining power. All part of the inflationary cycle, I suppose.