Therefore, they insist that raising the minimum wage is necessary to help these individuals. However, most minimum wage workers are not poor. Sherk (2013) summarizes external sources from the Bureau of Labor Statistics and the Census Bureau showing that more than half of employees earning the minimum wage are between the ages of 16 and 24 and work as part-time workers, who do not belong to their family as sole breadwinners. Few minimum wage workers come from families below the poverty line. Instead, they come from families whose annual income averages $53,000. Therefore, it is inaccurate to use $7.25 to calculate the annual household income of a minimum wage worker and claim that his or her household is below the poverty line. Also, as I said before, raising the minimum wage would increase competition and cause job losses. Obviously, the low-skilled worker would rather have a relatively low-paid job than lose his job. Therefore, the federal government should not raise the minimum wage from $7.25 an hour to a higher level