Fair Labor Standards Act

On June 25, 1938, President Franklin Delano Roosevelt signed the Fair Labor Standards Act (FLSA) into law, introducing the 40-hour workweek to solve a problem that many Americans were dealing with at the time. They worked too much. Prior to the enactment of the FLSA, many workers were subjected to...

The U.S. Department of Labor (DOL) has posted a "Families First Coronavirus Response Act: Questions and Answers" summary on its website, which can be accessed here. This is an attempt by the DOL to answer some preliminary questions related to the new Families First Coronavirus Response Act (FFCRA...

Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened On this day in 1926, Ford Motor Company (NYSE: F) Founder Henry Ford announced the eight-hour, five-day workweek at his plant. Where Was The Market The Dow closed at roughly 157.20 and...

One hundred and two (102) years ago, Ford Motor Company (NYSE: F) announced a minimum wage boost to $5 per eight-hour day — a move that more than doubled the earnings of employees. The increase turned out to be economically instrumental, as it fostered greater productivity and improved...

Wayne Hood of BMO Capital Markets commented in a research report on an "unexpected" update provided by Dollar Tree, Inc. (NASDAQ: DLTR) in its regulatory 10-Q filing. Dollar Tree said in the filing that management believes the Department of Labor's (DoL) overtime regulations will not have a...