The reason why cost a living in LA and other places in America are rising so much is because of minimum wage labor laws, and also, unemployment, maybe lazy people just squatting their families home playing video games all day?

Assuming that you don’t have like a tenure track job in America, I really think there’s almost like zero reasons to live in America. The most intelligent strategy is earned an American wage, and live elsewhere like in Southeast Asia or whatever.

Why is this form of economic leverage so wise?

First, the number one thing is you never need to work anymore. If you think of work like labor that you would otherwise be willing to spend doing some sort of virtuous leisure, then, the smart strategy is not to live somewhere that is costing you an arm and a leg.