In the depths of the Great Depression in the 1930s, both unemployed and union workers mobilized to successfully support the passage of the Fair Labor Standards Act, which established the first national minimum wage at $0.25/hour (equivalent to $4.31/hour in 2017 dollars). The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in Federal, State, and local governments.