Are you serious, I can tell you of several industries including aviation that labour rates have gone down, when you have more people wanting work and less work to give labour rates will always drop. They have always done this and always will. The skilled tradesman who thinks he is worth the same now as he was last year is correct but will he get payed that NO and any company that is watching their bottomline will look into this.
And materials they may have not gone down yet but they will also, when you have fibreglass manufacturers etc having large quantities in stock and not as many orders they will drop. I know this as a fact because I put an order in yesterday for a friend who is building the identical boat as he did 8 months ago and the bill for materials was nearly 20%cheaper, not to mention the fact he has SKILLED trademan knocking his door down willing to work for what he used to pay labourers.
It might be sad but it is all so true.