When money printing can be translated into wages (such as raising the minimum wage), then this sets the stage for consumer price inflation. When the CPI goes up

When money printing can be translated into wages (such as raising the minimum wage), then this sets the stage for consumer price inflation. When the CPI goes up, people demand higher wages, etc. This is why in the US we probably* don't need to fear hyperinflation: we're not seeing a translation of Fed printing to wages. *When the Weimar Republic hyperinflated, it was made possible by the fact that large numbers of people were employed by the state, whose wages increased with inflation. I've heard some statistics that place a substantial portion of the US population on government inflation-index income (be it something like social security or something more indirect like Medicare). As to whether it's to a great enough extent to create a Weimar type situation, I don't know.