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Fair Labor Standards Act of 1938

A federal law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in federal, state, and local governments.

Federal supplemental poverty threshold

An alternative measure of poverty that considers a broader range of expenses (like food, clothing, shelter, and utilities) and resources (like government benefits and taxes) than the official poverty measure. It is used to determine the minimum income a family needs to avoid poverty.

Bureau of Labor Statistics (BLS)

The principal fact-finding agency for the U.S. government in the broad field of labor economics and statistics. It collects, processes, analyzes, and disseminates essential statistical data to the American public, Congress, and other federal agencies, including data on wages, prices, and employment.

Minimum wage

The lowest hourly wage an employer can legally pay a worker for their labor, as established by federal or state law.

National Housing Wage

The hourly wage a full-time worker must earn to afford a modest rental home without spending more than 30 percent of their income on housing costs.