Wage growth does not imply higher inflation. For one, employers don’t print money, so the money in circulation does not necessarily increase as you claim. For another, prices are not determined by money in circulation; they are determined by costs. Plenty of things get cheaper to create over time.
The current spate of inflation has been driven primarily by corporate profits and supply chain issues.
Even if wage growth were to cause inflation, it would still mean workers would be getting a bigger slice of the pie, and they would do better relative to owners.