Earlier quoted context omitted.
10 years ago, the rule was rent should not be more than 1/4 of your gross salary. The rule just gets adjusted, we're currently at 1/3. Same thing goes down with health care costs. People are squeezed for it, because they have no choice. Meanwhile wages are stagnating and can't keep up with the rising cost of living.
Why should wages go up to match outrageous expenses? People are being squeezed, but your pay is roughly correlated with the value of your labour. I hear this all the time in Vancouver - people blaming this squeeze on stagnant wages - as if the labour market could ever pay people enough to keep pace with supply-constrained, monopolistic markets. The rent is too damn high. And we know why, but ... somehow we just want…
It is not. The value fire-fighters, teachers or nurses provide is much higher than, say, an enterprise developer, yet in most places the other earns more.