No, not in a meaningful and long lasting way. I've already explained that. If they pass that, and grocery stores, restaurants, and other business affected by the increase raise their prices, that change has effectively been nullified. As was just said by someone else, given how fast the cost of living increases, it won't be long before that minimum wage increase has been eclipsed.
I've said this multiple times and this is the absolute last time I'm saying this. It is a good policy proposal, but by itself it's just a half measure. If I ask you how the Dems are working to decrease the wealth gap and the only thing you can give me is that they are increasing the minimum wage, I don't consider that a satisfactory answer. For a problem like the wealth gap disparity, there needs to be some kind of formal plan and strategy they plan to implement to tackle the issue.
If you can't get what I'm saying after that, I don't know what to tell you.