Final answer:
The Occupational Safety and Health Act of 1970 requires covered employers to pay minimum wage and overtime.
Step-by-step explanation:
The Occupational Safety and Health Act of 1970 (OSHA) requires covered employers to pay their employees a minimum hourly wage and to pay time and a half for hours worked in excess of forty (40) in one week.
In addition to wage regulations, OSHA also mandates that employers provide a safe workplace and follow all safety and health standards. This includes informing workers about hazards, providing safety training, and keeping accurate records of work-related injuries and illnesses.
Therefore, the statement is True.