Explain FLSA and its purpose. Then choose and explain in detailtwoof the other listed labor laws below. Then, explain why labor laws are important to both the employee and the employer? Federal...

The Fair Labor Standards Act (FLSA) is a U.S. law that is intended to protect workers against certain unfair pay practices or work regulations. As such, the FLSA sets out various labor regulations regarding interstate commerce employment, including minimum wages, requirements for overtime pay, and limitations on child labor. The Fair Labor Standards Act, which was passed in 1938 but has seen numerous changes since is one of the most important laws for employers to understand since it sets out a wide array of regulations for dealing with employees.
Breaking Down Fair Labor Standards Act (FLSA)
The Fair Labor Standards Act specifies at which times workers are "on the clock" and which times are not paid hours. There are also elaborate rules concerning whether employees are exempt or non-exempt from the Fair Labor Standards Act overtime regulations. The FLSA requires overtime to be paid at 1.5 times the regular hourly rate ("time-and-a-half") for all hours worked in excess of 40 hours during a seven-day workweek.
The Fair Labor Standards Act applies to employees who are employed by an employer, and who are engaged in interstate commerce or in the production of goods for commerce, or who are employed by an enterprise engaged in commerce or the production of goods for commerce. It does not apply to independent contractors or volunteers because they are not considered employees. Employers that have at least $500,000 per year in gross sales or other business are subject to the requirements of the FLSA, which means that their employees are eligible for FLSA protections.
Fair Labor Standards Act: Exempt and...