Which statement is true about the Fair Labor Standards Act?

The statement regarding the Fair Labor Standards Act that is accurate pertains to how it governs minimum wage and overtime requirements. The Fair Labor Standards Act (FLSA), enacted in 1938, establishes the federal minimum wage, overtime pay eligibility, recordkeeping, and youth employment. Under this legislation, employers are required to pay employees at least the minimum wage and, for hours worked over 40 in a workweek, time and a half their regular pay rate.

The significance of the FLSA lies in its role in setting standards for fair labor practices across various industries, ensuring that employees are compensated appropriately for their work. This legislation is a cornerstone of labor rights in the United States and has undergone various amendments to adapt to changing economic conditions and labor market dynamics.