What is the federal minimum wage established by the Fair Labor Standards Act (FLSA) called?

The federal minimum wage established by the Fair Labor Standards Act (FLSA) is referred to as the minimum wage. This term specifically designates the lowest amount that employers are legally allowed to pay their employees for work performed during a given period. The FLSA was enacted to protect workers and ensure that they receive fair compensation, and it covers both hourly and salaried employees.

The terminology "minimum wage" is widely recognized and utilized in labor laws and discussions surrounding employee compensation. It not only sets a basic standard for payment but also plays a vital role in addressing economic challenges faced by workers at the lower end of the wage scale.

The other options do not accurately define this legal standard. For instance, "living wage" refers to a rate that would cover the basic cost of living in a specific area, which can be higher than the federally mandated minimum wage. "Base wage" and "standard wage" are not commonly used terms in this context and do not represent the established legal framework set by the FLSA. Thus, the term "minimum wage" is the correct designation for the federal wage standard laid out by the Fair Labor Standards Act.