It's more complicated than that. Raising wages results in increased demands elsewhere (e.g., housing). Increased demand of a limited supply will naturally raise

It's more complicated than that. Raising wages results in increased demands elsewhere (e.g., housing). Increased demand of a limited supply will naturally raise prices. Put another way, over the long term legislating significant wage increases without also creating incentives to also increase housing supply won't solve the true problem. Sure, you can move to areas with lower housing prices and commute, but the resources (time & money) to commute is a cost as well.