If you are concerned about this, would you be okay with a direct payment to populations without enough money to save in equities? That'd fix the problem.
The poor are also often in debt, and inflation helps eat away at that. Especially if they can get wage increases based on the CPI.
Which is why minimum wage should (IMHO) be linked to inflation/CPI.
Government-mandated minimum wage is effective price control, which never works. It has the effect of taking people who are not qualified to produce enough value to justify the minimum wage out of the job market. It's a mechanism to keep poor people poor.
CPI barely reflects the actual inflation of the currency. Whatever it doesn't cover in its calculation tends to get overinflated. The government designs the CPI to be low in comparison to "real" monetary inflation so that it can get away with printing more money.
However the talks about a $15 minimum wage actually have one very interesting detail. There are no plans for an immediate hike. It's going to be raised over time which means companies have enough time to adapt. It also sends a clear psychological signal to everyone that the times of cheap labor are going to be over because it is something that is happening year by year.
If they have no cash and only draw a salary, it will still hit them badly, as salaries are not inflation adjusted, and any pay increase requires negotiations with the employer - who may decide to increase the wage by only a fraction of the inflation.
Said differently: all people who don't have wealth in inflation proof assets (stocks, real estate etc) suffer from inflation.
In my experience, the libertarian community that hates inflation so much uses the poor as a rhetorical cudgel rather than an actual primary concern.
Except those who are in debt
also people with assets are not totally protected from inflation. suppose I bought a $10k asset in 2001 that, for whatever reason, perfectly tracked inflation. if I sold it today, I would owe 15% tax on a nominal gain of 50%, resulting in a real loss.
Not everyone in the world has easy access to credit like you imply. You're the one pushing an agenda here.
Depending on how hard is the inflation, you receive yearly, semi yearly, monthly, weekly or in extreme cases daily adjustments. Your salary updates also include the expected inflation.
That's of course when the economy is performing well. If the economy is slowing in an inflationary environment, you may easily end up on the wrong side since every update is actually a salary renegotiation and in a slowing economy your job might receive pay cuts in real terms.
It's sad engineers making even $200,000 or more can't understand how even $100-1000 in the bank can change lives forever for many people in poor countries.
It's even sadder when some of them come from places that had hyper inflation, and can't see the big picture.
https://www.thebalance.com/what-is-the-average-bank-account-...