FAIR LABOR STANDARDS ACT - A federal law that sets forth rules regarding wages, working hours, and other employer/employee matters.
Fair Labor Standards Act (FLSA) - Federal law guaranteeing worker's minimum right i.e. 40
Fair market value - the value for which a reasonable seller would sell an item of property and for which a reasonable buyer would buy it.
Fair labor standards act (flsa)
A federal law that guarantees a worker's right to be paid fairly.
The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.
Fair Labor Standards Act 1938: established a maximum normal work week of 40 hours and a minimum wage of 40 cents/hour and outlawed most forms of child labor; still exists
Rural Electrification Administration, (REA) still exists.
^ "History of Federal Minimum Wage Rates Under the Fair Labor Standards Act, 1938 - 1996", Department of Labor, March 31, 2006.
^ "MINIMUM WAGE (GUARANTEED)", European Foundation for the Improvement of Living and Working Conditions, March 31, 2006.
Supreme Court case in which the Court, in a decision by Justice Harlan Stone, sustained the portion of the 1938 Fair Labor Standards Act prohibiting child labor and regulating wages and hours, ...
 See also: Labor, Federal, Act, Law, Right
  
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