Question: 1. How does the Fair Labor Standards Act influence pay in the United States? 2. What is Salary Compression? 3. How does profit sharing differ

1. How does the Fair Labor Standards Act influence pay in the United States? 2. What is Salary Compression? 3. How does profit sharing differ from gainsharing? 4. How does Cost of Living affect pay rates in union environments? 5. Describe one of the most important pieces of legislation that relates to salary. Why so you think this law is important? 6. What is "prevailing wage"? How is it different from "minimum wage"?

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