The Fair Labor Standards Act (FLSA) is a U.S. law that establishes minimum wage, overtime pay, and child labor standards. It aims to protect workers from unfair labor practices and ensure they receive fair compensation for their work. The FLSA applies to most private and public sector employees, setting guidelines for how much they should be paid and how many hours they can work. Under the FLSA, employees must be paid at least the federal minimum wage, which is periodically adjusted. Additionally, workers who put in more than 40 hours a week are entitled to overtime pay, typically at a rate of one and a half times their regular pay.