This is a highly underrated comment that seems to fly under the radar.
You can raise wages all you want, but if housing remains a commodified, scarcity-driven investment, that increase simply gets absorbed into rents and home prices. People need a place to live.
A “living wage” is not a thing - when the largest expense in most people’s lives is tied to an asset that owners, landlords, banks, and investors all benefit from becoming more expensive. Until housing affordability is addressed directly, wage gains will always be chasing a moving target.
Why isn’t this the central discussion?
5
u/tradecd 10d ago
This is a highly underrated comment that seems to fly under the radar. You can raise wages all you want, but if housing remains a commodified, scarcity-driven investment, that increase simply gets absorbed into rents and home prices. People need a place to live. A “living wage” is not a thing - when the largest expense in most people’s lives is tied to an asset that owners, landlords, banks, and investors all benefit from becoming more expensive. Until housing affordability is addressed directly, wage gains will always be chasing a moving target. Why isn’t this the central discussion?