Where are you getting this information? Raises are not keeping up with inflation. A few thousand in stimulus dollars years ago is not driving anything. PPP money didn't increase wages.
Feel free to downvote this because it is a very simple observation and not based on deep academic study. I really hate wages have been so stagnant and have not kept up with inflation. I feel like I've been treading water the last 10 years of my adult life despite making above minimum wage. But I also can't help but notice a lot of people used to say "$15 dollars per hour is going to equal $15 dollar hamburgers" and now where I live $15 dollars per hour has become a pretty common starting wage and now everything is more than usual inflated.
Individuals and businesses received direct payments in the form of stimulus checks. I have to think also money got into people’s hands by lending as the banks are how the new money gets into circulation. That’s my layperson’s understanding of a very complex system.
People need to stop using "people are getting free money and that's raising inflation" excuse. Prices are rising and people are going into their savings or credit to keep spending. That's it.