There have been numerous studies on this that show the overall impact. There is often an argument from employer groups that they would have to lay people off and so on, but the increased demand that comes from people having more disposable income actually tends to offset any sort of increased demand on employers to pay their workers more. In an immediate sense, it might be difficult to adjust, but in the long term, having more disposable income, especially for people with lower incomes—they are the ones who spend that money, and they spend it on consumer goods—the ultimate economic benefit for everybody is positive in a net sense.
On April 6th, 2017. See this statement in context.