In the United States, the minimum wage is defined as
A) the wage that the youngest job entrant into the job market makes.
B) the lowest wage that a corporation should pay a worker if the corporation wants to ensure that its employees are well trained.
C) the lowest hourly wage rate a firm may legally pay its workers, as legislated by the U.S. government.
D) the wage ceiling above which a firm no longer must pay its employees additional benefits.

Question

Quizplus · Accepted Answer

The minimum wage in the United States is the lowest hourly wage rate that a firm is legally required to pay its workers, as set by federal and state legislation. It is meant to provide a basic standard of living for workers and prevent exploitation. It is not based on the youngest worker or training levels, nor does it involve wage ceilings or additional benefits.

In the United States, the Minimum Wage Is Defined as