In: Operations Management
Here I am going to describe about the new FLSA rule along with my opinion on it and if if the the FLSA has possible impact on the us economy.
FLSA stands for the fair labour standard act 1938. the fair labour standard act 1938 was implemented in the US to make sure that the labours are not exploited and get the the fair wages and the time and a half hour if they work for the 40 weeks continuously. This act protects the interest of the labours and the workers and make sure that no labour or the worker gets any kind of harm or they are exploited in anyway. This is a strict act which keeps on the the child labour also as it prohibits the child labour for the labour done by the miners in an organisation. Fair labour standard act is many applied on the labours of the workers who are indulged in the production order manufacturing unit as those labours or workers are more likely to be exploited and harmed. According to me this act is is the US economy as the seat provide complete protection to the labours of the workers of the organisation or the manufacturing unit.
And yes according to meet this act is is giving a very good impact over the US economy as the interest of workers and employees are protected they are more likely to work happily and give the hundred percent to the organisations which ultimately lead to the success of the US economy