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Of course, but we all know that poor people have more kids and that poor people are more likely to spend the marginal dollar rather than save it.
I didn't read the article's causal analysis and don't stand by it. I knew from prior reading that wages increased most for those at the bottom of the distribution and grabbed the first article that Google found.
I am skeptical that minimum wage laws make a big difference here given that few positions pay near minimum wage, but I admit I haven't looked closely into this.
People don't like to think about demand-pull inflation or the wage-price spiral for these very reasons, but unfortunately facts apparently don't care about my feelings.
Inflation occurs when aggregate demand outstrips aggregate supply. Covid torpedoed a bunch of supply chains, reducing supply and everyone got helicopter money (and don't forget eviction moratoria and a million other things) that juiced demand. The result is as you see it.
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