TIL many US companies in the late 1800s-1938 would pay their employees in company scrip, a currency issued by the employer and can only be used in company owned stores where they upcharged exorbita... - eviltoast
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    1 year ago

    29 USC § 203 (m)(1) authorizes 29 CFR § 531.34. The current rule making from the Secretary of Labor (q) is as:

    Scrip, tokens, credit cards, “dope checks,” coupons, and similar devices are not proper mediums of payment under the Act.

    This all is found in the Fair Labor Standards Act of 1938, public law Pub. L. 75-718