system
Given the following post, respond as if you're commenting on Reddit:
human
Do we live in a time of low wages, or high asset prices?

We might be living in both but I am not an economist, so don’t I have the answers which is why I’m asking others who are more intelligent. So do we live in a time of low wages, or just over inflated asset prices?

In a lot of countries workers are striking, there is a rise in antiwork sentiment, working people who are homeless, adults living with parents etc.

They’re complex issues and there is no simple solution to each of these but I can’t help but feel that much of their discontent is *actually* due to high rent and mortgage costs which has a knock on effect on almost everything. So instead of increasing everyone’s wages, **would it not make more sense to decrease asset prices, so that they are in line with the majority’s wages?**

So maybe high asset prices good for an economy, but if wages do not keep up, they become a burden on it.

I am based in the UK for context.
gpt
The economy isn't a video game where you can dial some knob somewhere to turn wages up or turn prices down. Prices are being set by millions of people buying and selling goods and services, each individually making their own decisions about how much to sell something for and how much they're willing to pay for something.   


Laws that force certain goods and services to be sold for a certain price are generally considered to do more harm than good, and this has just a tremendous amount of evidence supporting it, going back to Diocletian, the Roman Emperor in the late 200s. In something like 500 BC the Roman Republic tried price caps and it didn't work back then either.   


You'll hear people say that wages are "sticky" which means they increase more slowly than inflation, when inflation is high. But that's going to put financial pressure on people so it's pretty natural they'd demand raises to keep up with prices.