I don't agree with GP's original point (also afaik US minimum wage hasn't increased), but the way inflation is measured is with a basket of common goods that serve as proxy for "cost of living". If cost of living, the number in dollars, went up, it means prices rose, which means there was inflation. Maybe it wasn't measured "correctly" (the basket of goods isn't reflective of what people actually need to live), but in principle an increase in your "real" salary means you're better off and beating the rising cost of living
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The problem with looking at streaming service pricing in the context of inflation is that a lot of people have also dropped their cable TV subscriptions. I probably subscribe to too many streaming services but I'm still paying half of what I was paying for just cable TV alone.