Which of the following statements are true/false?<br>1. Fair wage is above the minimum wage but below the living wage.<br>2. Living wage is the highest amount of wage proposed by the government.<br>3. Different states have fixed different minimum wages based on the skill set of the employees.<br>4. Fair wage works on the formula Equal Pay for Equal work.

Correct Answer: 1, 2, 3 and 4 are true