Earlier quoted context omitted.
Why is that? If I replace a team of 20 admin staff with 3 admin staff and Microsoft Office licences to replace a paper filing system with a digital one, haven't I raised productivity and lowered prices?
Productivity increases -> wages go up -> "30% of salary on rent" goes up -> rent goes up -> cost of everything goes up We could arrest pretty much all cost of living growth if all renters (both businesses and individuals) just decided not to continuously agree to pay higher prices for the same land/apartments/buildings.
Yes wages might go up (someone who can use Sharepoint[0] is probably more efficient than someone who can use a physical filing system) but you need far fewer people to do it. So costs can still go down.
> We could arrest pretty much all cost of living growth if all renters (both businesses and individuals) just decided not to continuously agree to pay higher prices for the same land/apartments/buildings.
I agree that most of cost of living is housing-related, but rent price increases are a function of population increasing faster than housing. That's the thing to address.
[0] or something good