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Really there is just a housing shortage. Every road of struggling lower/middle class finances leads back to housing being outrageously expensive. All these other costs/wages are in mostly functional and liquid markets. They are being priced/valued more or less correctly.

Except housing. It's artificially choked to bolster home values by home owners.

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Teachers and nurses still don't get paid enough even in cheap places, where housing is extremely affordable like Detroit, Cleveland, all of Mississippi, etc.

So maybe it's a bigger problem in HCOL areas like California, but it's a problem everywhere.

The problem is, in the last ~20 years we went from ~7% of the population being retired to ~20%. Over the next 10 years, it's going to get close to ~30%.

Housing is also part of the young->old/retiree wealth transfer.

I can't imagine that nursing's problems are just fundamentally housing. Tracing back rough work schedules, unreasonable administration expectations, and hostile patients to housing costs feels like a stretch.

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