I don't think that will work. There's very little elasticity in the market, so to first order every dollar pumped into wages will be turned around and put into

I don't think that will work. There's very little elasticity in the market, so to first order every dollar pumped into wages will be turned around and put into housing and drive up prices even further. There's only two ways out of this hole: you drive people away or you build more housing.