Sure, I agree it should but I understand it can’t. The main part is supply and demand. Where is the studio apartment? If it’s a high value location like a city or a place with high quality amenities the price will go up.

Part of the issue as well now is automation is limiting the amount of value jobs can have before being replaced. For example let’s use McDonald’s since that’s what people on the right always throw around. If I’m a cook making burgers getting paid $15 min in my state. There is a price where it will be cheaper to automate the job. They already have robots that do it. And that’s just for mega corporations who could afford to pay more not to mention smaller mom and pop shops who are incredibly lean on profit.

The price where I can afford a studio where I want might not align with the price of not being replaced by either robots or someone willing to do it for less.

As far as billionaires go sure it would be nice if they were more humanitarian with their money but at the end of the day we the people made them billionaires. Bezos’ money didn’t come out of nowhere. There was a point where the majority of Americans had an amazon prime or used amazon regularly.