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Laborpedia term of the week
FLSA The Fair Labor Standards Act (FLSA) of 1938 was landmark legislation that established laws regarding minimum wages, overtime pay, record-keeping, and child labor standards affecting full-time and part-time workers in the private sector and in federal, state and local governments. The FLSA applies to businesses with two or more employees affecting or engaging in interstate commerce with gross annual sales of $500,000 or more. However, businesses (rare today) that... |
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