Actually, what we will have is a lot less of the low paying, minimum wage jobs. What we will end up with is a much more business friendly economy that will ultimately create more higher paying jobs that requires skilled employees.
You might ask why I think this is the outcome, well, it all comes down to the bottom line for businesses. This is what will be best for business, which is what Trump will want, as he runs businesses and it will ultimately be good for him in the long run. He certainly isn't going to do things that harm business, as that would harm him. I don't think he is a great guy, but in this aspect, he isn't stupid and isn't going to do things that harms business, as it would be bad for him, it would also make his legacy look bad and he is too egotistical to allow that to happen.