The rich world needs higher real wage growth
Or better yet, reduce prices all around.  Think of all your expenses and look at ways to systematically reduce them for everyone. Start with food, get a meal down to less than a dollar.<p>Rent is high because everyone wants to move to certain dense areas, while moving away from more spacious&#x2F;rural areas. This is unsustainable. Offer incentives for people to move elsewhere, including jobs programs and subsidizing mass transit to less dense&#x2F;rural areas.  Offer mass transit everywhere to reduce transport costs.