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welcome to the people processes podcast Im your host Ramy alyel CEO of people processes today were going to untangle the intricate web of regulations affecting our work lives because were diving into the pivotal updates of the fair labor standards act and their profound implications on worker classification this topic is a Cornerstone for both businesses and workers as it influences critical aspects like minimum wage overtime and other employment rights understanding these changes is vital for compliance operational adaptability and the safeguarding of worker benefits join as we explore the developments and their impact on the economic landscape lets give a little history first the fair labor standards act FSA was established in 1938 it is the foundational labor legislation in the United States its primary objective is to set a minimum wage mandate overtime pay and delineate the differences between employees and independent contractors by default all workers are employees and all e