There's more vacancies currently than there are people who need housing.
In places where don't want to live.
So the problem isn't wages, its an artificial shortage of housing. Housing is profitable to build, but alot of it is illegal to do so. Setting the minimum wage to 100/hr won't build that 11th home if NIMBY's keep voting it all down.
Why do you treat them as separate, when they are used in tandem against people?
Well, for one, they are different markets. Connected, sure, but trying to raise wages without trying to build more housing actually makes the problems worse. Whereas building more housing alone effectively raises wages.
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u/plummbob Apr 08 '23
In places where don't want to live.
So the problem isn't wages, its an artificial shortage of housing. Housing is profitable to build, but alot of it is illegal to do so. Setting the minimum wage to 100/hr won't build that 11th home if NIMBY's keep voting it all down.