What does the Fair Labor Standards Act primarily establish?

The Fair Labor Standards Act (FLSA) primarily establishes minimum wage and overtime pay standards, making it a fundamental piece of legislation in labor law. This act was enacted to set standards that ensure workers receive fair compensation for their labor, particularly concerning the minimum amount they must earn for their work and the compensation they should receive for hours worked beyond the standard workweek.

By establishing a minimum wage, the FLSA aims to protect workers from unduly low pay. Additionally, the act's provisions regarding overtime pay give workers additional compensation for hours worked beyond the typical 40-hour workweek, which serves to discourage employers from overworking their employees without appropriate financial remuneration. Together, these components are crucial for ensuring fair labor practices and economic stability for workers across various industries.

Other aspects, such as workplace safety or employee training standards, are addressed by different legislation, while employee termination regulations fall under various employment and labor relations guidelines rather than being the primary focus of the FLSA. Thus, the correct answer highlights the FLSA's key role in defining wage and overtime standards, which are essential for promoting fair treatment of employees in the workplace.