What does the Fair Labor Standards Act (FLSA) establish?

The Fair Labor Standards Act (FLSA) primarily establishes regulations regarding minimum wage, overtime pay, recordkeeping, and youth employment in the private and public sectors. It ensures that employees receive a fair wage for their work, particularly by setting a baseline for the minimum hourly wage that employers must pay. Additionally, the FLSA requires that eligible employees be paid at least one and a half times their regular pay rate for hours worked in excess of 40 in a workweek. This law plays a crucial role in protecting workers’ rights and ensuring that they are compensated fairly for their labor, making it a significant piece of legislation in the realm of labor laws.