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They’ll say yes. They won’t last long. The churn will be great and then there will be shortage. It really isn’t as simple as pay.
And by that logic no country in the world would have soldiers either.
People have been doing dangerous jobs for pay since the existence of pay. If the pay is right someone will perform your dangerous job. If the payout isn't worth the risk then they won't. It's the free market in action.
The free market currently says that a new home is worth X dollars because of what people are willing to pay vs. the labor going into it. Materials are cheap compared to the work. The rates laborers get paid stem from the free market equilibrium on that. Labor rates go up, house prices go up, home ownership goes down. Builders in the US get about 15% margin on building and selling new homes. You have maybe 10% of wiggle room before the profit in building homes is not worth the effort. So laborers could get paid...10% more at best before home prices go up. That's not going to attract many more people to offset immigrant labor demand.
The people who have to work at low wages bc of legal and social suppression are effecting the market equalibrum. Labor costs are just as real a factor in the market as anything.
I have known enough growers and builders that no matter the pay, people cannot simply will themselves able to do that kind of work. It’s just.Not.That.Simple.
But yet crops still get planted and harvested and buildings still get built.
So your solution is an impoverished underclass that cannot escape work no one will do, you are sick.
Not at all.