The Walsh-Healy Act of 1936 establishes minimum wage standards for what purpose?

The Walsh-Healy Act of 1936 establishes minimum wage standards specifically to ensure that government contractors pay their employees a fair and prevailing minimum wage in their locality. The act was designed to protect workers in industries that were heavily contracted by the federal government, ensuring that they received a wage that reflected the competitive pay rates in their geographic area. By mandating these standards, the Walsh-Healy Act aimed to enhance the economic security of workers and maintain fair competition among companies receiving federal contracts. This focus on local wage standards ensures that workers are compensated fairly based on current economic conditions in their area.

Other aspects of labor law, such as child labor protections and workplace safety regulations, are addressed by different legislation. Likewise, job promotion criteria are not covered under this act, focusing instead on wage standards for specific workers in government contracting scenarios.