According to the information we examined regarding minimum wages in the U.S., which of the following statements is true?
a. All states in the U.S. currently use the same minimum wage rate
b. The majority of workers that earn at or near the minimum wage in the U.S. are under 20 years of age
c. The value of the minimum wage, relative to the average wage in the economy, has generally declined over the last 50 years
d. The minimum wage was created in 1825 by General Custer
e. All of the above
According to the information, which was examined regarding the minimum wages in the U.S. the statement which is correct is the statement C, as it states that “The value of the minimum wage, relative to the average wage in the economy, has generally declined over the last 50 years”. It shall be noted that the minimum wage differs from state to state in the U.S. and is not the same in all the states. It can be the case that in a few states, the minimum wage, is way higher than the federal wage of minimum amount. In almost all states, the state leaders set a minimum wage rate which is very specific to their particular state. Minimum wage rate is decided upon various factors and it is a lengthy task to carry out. With this we can safely conclude that the minimum wage is not the same for all states and it differs from state to it. However, there is a provision that the minimum wage earner in the nation should not be below 20 years. If the wage earner is below 20 years then the above mentioned rules and guidelines will not apply to him or her.