He's missing the massive other piece of this puzzle where integrating the third world into the world labor market effectively wiped out a lot of entry level/mid

He's missing the massive other piece of this puzzle where integrating the third world into the world labor market effectively wiped out a lot of entry level/mid level manufacturing and remote services jobs, which cut labor competition and effectively capped a whole bunch of salaries across multiple sectors, stopping the wage growth from productivity growth that usually happens. Integrating the third world is still an exceptionally good idea, as the massive wage growth happening there has lifted literally over a billion people out of abject poverty and suffering, it's just going to suck for another 5-10 decades as labor prices equalize and excess labor in the third world is used up by far more productive pursuits than subsistence farming. As far as his solutions, they aren't very good. What we should be doing instead is crushing all the planning permission BS, rezoning to allow a lot higher density and fast tracking projects to build housing supply and push housing prices down via that method. If one could go from buying land to having a finished multi story residential with main floor shops/highrise/whatever built in a dramatically shorter time on a vastly larger swath of potential land more would get built and prices would fall. On the subsidy side of things the floor and cap idea is ok, it should really just be applied specifically to health care and have tiers based on some combination of income and wealth that determines what your copay is and where your copay for health tops out. That would directly tax what is costing the system the most and directly target high wealth/income boomers who are disproportionately using healthcare mostly without raising taxes on the young who are struggling. If this was combined with the housing reform above it would also probably increase supply of land to build more density as boomers are forced to sell their secondary properties to cover healthcare copays (if they are house rich and cash poor as many are).