What is the purpose of the Fair Labor Standards Act (FLSA)?

The Fair Labor Standards Act (FLSA) primarily serves to regulate minimum wage and overtime pay. It establishes the federal minimum wage that must be paid to workers and sets comprehensive guidelines for overtime pay, ensuring employees are compensated fairly for hours worked beyond the standard 40-hour workweek. This framework is crucial for protecting workers' rights and guarantees that they receive appropriate compensation, which is particularly important in fostering a fair and equitable labor market. The act applies to various sectors and aims to prevent exploitative practices, promoting a standard of living for American workers.