ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It set standards for child labor, minimum wage & overtime pay
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To only cover certain employees
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A set standards for child labor
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Set standards for minimum wage and overtime pay.
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Detailed explanation-1: -FLSA Minimum Wage: The federal minimum wage is $7.25 per hour effective July 24, 2009.
Detailed explanation-2: -The FLSA set nationwide standards for employees of organizations engaged in interstate commerce, operations of a certain size, and public agencies. Still active today, it affects millions of full and part time workers in the private sector and the federal, state, and local governments.
Detailed explanation-3: -Provided that the appropriate Government may, by notification in the Official Gazette, specify the industrial or other establishment, the employer of which shall pay to every person employed in such industrial or other establishment, the wages only by cheque or by crediting the wages in his bank account.]
Detailed explanation-4: -Workers under 18 who work fewer than 650 hours a year now must also earn a minimum wage of $10.50 per hour. Get Chicago local news, weather forecasts, sports and entertainment stories to your inbox. Sign up for NBC Chicago newsletters. The minimum wage increase is part of an annual rise set to continue through 2025.
Detailed explanation-5: -Minimum wages have been defined as the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract.