I figured normal supply/demand logic would apply but boy am I wrong. I know it has to settle somewhere but I wasn't expecting it. I'm seeing all sized businesses fold left and right, but I know some (the ones my friends work at) expanding at huge rates, apparently a very high profit margins, usually around 45-50% on parts, and If I had to guess around 30% on labor.

Financed one-day bathroom installs/remodels apparently is where the money is. People will finance $8k on average (so I'm told) in some of the poorest areas to have a bathroom remodeled in a day. They can go up to $25-30k for a 2-day job. I'm told just about every job is financed.

In the auto parts resale business we went from about 30% margins to less than 10% after pricing increases, credit card fees, shipping problems, marketing budget increases and so on. Wholesalers started standing up eCommerce stores and vertical integration competition tactics. Reducing margin and selling below MAP pricing to force customers to their stores. While even if we could reduce pricing, wed lose all margin trying to compete.

Pricing changed so rapidly, one of my first software deployments was fetching realtime pricing from Shopify and other APIs.