This may be some mis-interpretation of "Rain-erosion", a problem that has always plagued wooden props, not just those made less than 20 years ago.
Consider a notch in the blade, and what would happen if it was left too long. Wood is fantastically resistant to this kind of fatigue - to my knowledge, most woods don't allow crack propagation unless the load is very close to failure.
Wood is sensitive to bearing stresses, and of course, to moisture.
You could look through ANC-18, which is a detailed document about the design of wooden structures.
Steven Fahey, CET
"Simplicate, and add more lightness" - Bill Stout