[roymurdock]

you can have both as long as productivity is growing, increasing labor's bargaining power and wages

unfortunately productivity is pretty stagnant across developed economies, including japan

if capital and business owners have no need for new/enhanced labor as is the case in many developed economies where offshoring/new hire cycling is rampant, then a housing affordability crisis definitely builds up, unless:

(1) the municipal/federal government steps in to regulate rent as it has done in Berlin

(2) there is a good architectural/geological/tax incentive that prevents NIMBYISM

(3) cultural/work factors allow the younger gen to live at home/work remotely