Inflation involves the increase in price of goods and services in the market making things unaffordable to the common inflation is one word that has really affected allot of people, looking at the market price of goods and services as been affected rapidly.
Inflation is really affecting the common man as even though those salary earners are complaining as the price of goods continue to improve and skyrocketed high inflation rate is really a Thorn in the flesh of the common man
The government increased the minimum wage in my country recently and some employers are demanding more from workers. My boss even wants me to take on more tasks because our salary has increased. And I told him that I had been living comfortably last two years with lower salary. I can't save from my current earnings but I could two years ago.The increase in salary is worthless because it has lower purchasing power than years ago. With the level of inflation moat countries are going through, if you don't have multiple streams of income, you might not be able to afford basic needs.
I think the increase of minimum wage don't even make any difference and people can't still afford things. What would have been best for the government to do is to try to regulate the price of commodities, and try to improve the economy in whatever they can to reduce the rate of inflation. If nothing is done to the economy and the price of minimum wage increases, inflation will still be on the rise even as the government increase minimum wage, it will just ge as if the minimum wage has always been the same.
So I think increase of minimum wage is not the solution for inflation, it will even make things to become worse because marketers would want to increase the prices of things.