It will be the same as it's currently in post-covid bar and restaurant business. Nobody wanted to work the shitty 24/7 jobs after being out of the trade during the lockdowns so they had to increase salaries.

Problem is not yet big enough and the hurdle of getting into construction is not so high that it's impossible to learn the trade in 6 months.

On the other hand if that would mean that construction industry is not competitive, then well, I see a lot of Turkish and Chinese companies getting deals in EU.