wages seem to be the last thing that rise with general inflation, and as such don't rise as much as other prices, especially the ones mentioned: housing, schooling.

I think the data bears this out, looking at 'real wages' vs inflation-adjusted cost of housing/schooling.

I could see how other sorts of stimulus would be preferable in this case though. All depends on who gets the benefit of spending new money on old prices.

Going back a comment, it depends on if you got into the loan (school, house) before the inflation. Or locked in a low rate. Always nice to pay back money that's worth much less.