Minimum Wage

Fair Labor Standards Act (FLSA)
The Fair Labor Standards Act (FLSA) is a federal law enacted in 1938 that establishes minimum wage, overtime pay, and child labor standards in the United States.
Minimum Wage
The minimum wage is the lowest legal rate of remuneration that employers must pay workers. It varies by region, age, and employment type, aiming to ensure a basic standard of living for workers.
Wage
An in-depth exploration of wages, including definitions, examples, FAQs, related terms, references, and further reading.
Wage Floor
A wage floor, or minimum wage, is the lowest legal remuneration that employers can pay their workers, established either by law or through an agreed-upon wage bracket in collective bargaining agreements.
Wage Protection Laws
Wage protection laws are legal measures that ensure employees receive timely and full payment for their work. These laws help safeguard workers' earnings from wrongful deductions, non-payment, and other forms of wage theft.

Accounting Terms Lexicon

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