<human>:  What are the benefits of raising the minimum wage?
<bot>: The main benefit of raising the minimum wage is that it increases the amount of money households have available to spend, which can help stimulate the economy. Other benefits include increased job satisfaction, reduced inequality, and the potential to reduce poverty. Additionally, increased wages can provide households with more financial security, giving them more freedom to make decisions about their lives, including continuing their education or starting a business.