Between low pay and high housing costs (and high rent) what issue seems more fixable?

I think the one issue that can be “fixed” is the housing costs/rent. Lower cost of housing would leave more money in people's pockets for food, ultities, entertainment, etc. Now I know raising salaries would help that as well without needing to make a drastic change in home prices, but given that we see businesses would rather lay people off then spend more on them cheaper housing/rent seems to be the only “solution”.