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That's why the 2 should be connected
I don't know if tying it to something that's inflated above core inflation is a good idea. I think the better approach is to reduce the cost of housing.
It should reduce that artificial inflation
I'm not sure how it would do that.
Under pressure from employers. If their labor costs are directly tied to the cost of housing there would be pressure to keep housing costs low. In turn still keeping wages livable
Have you met an American corporation? They don't care about the plight of other companies or corporations. In fact that's just a weakness to be exploited.
The only thing I could see this doing is giving us cost push inflation. It's true that moderate increases don't increase inflation but quadrupling it would absolutely create inflation. Especially in the middle of the country.