Fair labor standards act


Problem:

The FLSA establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments. Covered nonexempt workers are entitled to a minimum wage of not less than $7.25 per hour effective July 24, 2009. Overtime pay at a rate not less than one and one-half times the regular rate of pay is required after 40 hours of work in a workweek. In this week's class discussion you will converse with your classmates on questions dealing with calculating overtime pay and holiday pay.

Please answer the following question:

Question 1: Discuss how The Fair Labor Standards Act protects employees. What challenges does it pose, if any, for the employer?

Question 2: Discuss the provisions The Fair Labor provides for employees.

Note: Be sure to show how you arrived at your answer.

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Finance Basics: Fair labor standards act
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