It only creates inflation when people spend the money (a lot of the money will be saved), and the money that is spent is put into the same loop; it's not good for workers that won't have pay raised (e. g. workers at the minimum wage in the US, where it isn't adjusted for inflation), but that ought to be fixed, and the money buys things for people, which economists hold to be an objective good ,as it implies people are getting what they want.