What does the Fair Labor Standards Act (FLSA) establish?

The Fair Labor Standards Act (FLSA) is a significant piece of legislation that primarily establishes standards related to minimum wage and maximum working hours. It is designed to protect workers from unfair labor practices, ensuring that they receive fair compensation for their work and that their work hours do not exceed certain limits.

The act mandates a federal minimum wage and requires employers to pay overtime for hours worked beyond the standard 40-hour workweek, making it a critical regulation in the landscape of labor rights. Additionally, it sets guidelines for youth employment, specifying the age and types of work that minors can perform, thereby promoting workplace safety for young workers.

In contrast, other options are not covered by the FLSA. Retirement fund management pertains to different labor regulations and laws such as ERISA (Employee Retirement Income Security Act). Childcare benefits and performance appraisal standards are not directly addressed within the provisions of the FLSA, which focuses squarely on wage and hour regulations. Thus, option B accurately reflects the core purpose and provisions of the Fair Labor Standards Act.