All of us will be, in at least somewhat higher prices for some goods and services. The difference will be that employers won't be pocketing taxpayer money as profits. Taxpayers will stop injecting cash all but directly into billionaire pockets.
We taxpayers (many of us small business owners) are already spending the money, quite properly looking after working people who can't afford to live, through federal and state subsidies.
Enforcing living wages wouldn't take any money off the table. It would spread it around more equitably. When my employers, who paid much of their labor force a wage they could not live on, set wages, they did so in competition with other employers in the region. If they had individually raised prices, they would have become uncompetitive and maybe gone out of business. But if everyone had to pay higher wages and raises prices somewhat, the playing field would have been level.
It should be level across the nation. Employers should pay living wages. If they can't or won't, they must not make a profit based on taxpayers subsidizing wages.