[epistasis]

Scarcity of housing is a severe problem, one that has caused the economic exclusion by preventing new people from entering the locations with lots of jobs.

It really is housing and scarcity at the bottom of all the other symptoms we see.

[smallmancontrov]

No! This is the thinking that made throwaway27448 throw out the word "dunce" and while I don't think name calling is productive I fully agree that righting each piece of furniture one at a time while ignoring the elephant in the room knocking each one down the moment you turn away is a doomed approach. If you threw the housing market into oversupply, wages would simply fall (or inflate away) until the value was captured in stock prices instead of house prices or quality of life. The cyberpunk genre is right about this, the abundance genre is not.

Inelastic labor supply into soggy labor demand is the issue. One that is solvable, but only if we acknowledge the problem. Of course, most people with a fortune have their fortune predicated on not understanding the problem, so every venue of discourse which can be bought (which is most of them) struggles to understand the problem. But that doesn't mean you should struggle to understand the problem.