What key legislation sets forth minimum wage and overtime pay requirements?

The Fair Labor Standards Act (FLSA) is the key legislation that establishes minimum wage and overtime pay requirements in the United States. Enacted in 1938, the FLSA was designed to protect workers from unfair labor practices and to ensure that they receive a baseline level of compensation for their work.

Under this act, it mandates a federal minimum wage that employers must pay their employees, as well as provisions that require employers to pay eligible employees time-and-a-half for hours worked over 40 in a workweek. This legislation has significant implications for various sectors, ensuring that workers are fairly compensated for their time and efforts, and it has been a foundational component of labor law in the U.S.

The other options listed (Wage Adjustment Act, Labor Relations Act, and Employee Rights Act) do not specifically focus on setting minimum wage and overtime pay standards as the FLSA does, making the Fair Labor Standards Act the definitive answer in this context.