Fair Labor Standards Act

Fair Labor Standards Act definition - business

Fair Labor Standards Act

Federal legislation from 1938 that established minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector, and in federal, state, and local governments. Passage of the act was designed to improve the living conditions of working families.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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