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I think we have it backwards.

The biggest expense for most people is housing: rents are high, buying is shockingly expensive compared to the 1980s-1990s. Raising wages, which should happen, will only drive those prices even higher unless you drastically increase the supply.

Building a massive amount of practical starter homes around every major city would go a very long way.

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You also need to address (with e.g. a land value tax) landlords' tendency to raise rents and capture wage increases that way.

You also need to address feature inflation. Governments in Australia at least keep adding 'standards' that in aggregate really increased the real cost of providing that home.

Don't forget to pay some of it out as a citizen's dividend so that everyone gets a fair slice of the earth.

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