Is the situation the same for housing? Is there never a housing shortage, just a shortage of people who are willing to pay market rate for housing?
If not, what are your thoughts on what the difference is?
Individuals on the other hand can’t generally just will more money into existence to cover higher housing costs.
Interesting that 'individuals can always ask for a raise to cover higher costs; if they can't, they're not viable in the first place' might be true, but it sure sounds heartless.
"If no one will hire you at salary large enough to meet your expenses in $City then you can't afford to live in $City."
My skills aren't valuable enough for me to live in say, Manhatten, but I don't think that's outrageous or anything.
There is not an equivalent quota or limit on the number of employees who can work as waiters.