The Fair Labor Standards Act ("FLSA"), which was signed into law by Franklin Delano Roosevelt on June 25, 1938 outlawed "oppressive child labor," imposed a federal minimum wage of 25 cents per hour, and required overtime for hours worked over 40 in a week. But the America we live in is far different from that which existed 75 years ago and both employee advocates and company executives have raised serious questions as to how well the FLSA is currently working. Read the full article written Louis Pechman, founder of waiterpay.com, on The Huffington Post.