I think housing costs are a big part of this. Things are almost perfectly stacked in favour of current property owners: oppose any new housing development near you which keeps land prices and rents high, while those wanting to buy or rent can’t or don’t vote and can’t as easily encourage more building as current owners can discourage it.

And it’s so simple (not easy, but simple) too: build more to reduce housing costs which is effectively a raise for most people. We’d need to stop treating housing as a primary investment vehicle though.