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So long as businesses continue to develop capital projects that demand human labor, people will continue to migrate to the capital in order to secure livable wages. These policies are far more in line with a state that's actively gentrifying and wants to force low-wage residents out than one that's afraid it can't get high wage professionals to move in.
The low wage workers who they are trying to drive out make the place attractive to be a high wage earner. No high wage earner wants to live somewhere they can’t reliably order a pizza or go out for a drink, which is what you get if all the low wage people leave.
That's why you'll find slums in most major cities.