Research and identify the salient features of the Fair Labor Standards Act (FLSA). Provide a definition of exempt and nonexempt employees. State at least three criteria that differentiate an exempt and nonexempt employee. Research and discuss the proposed changes to the FLSA-the first real changes since 1938. How do these modifications differ from the 1938 law? How will the status of exempt and nonexempt employees be altered? Do you think these changes benefit employees or the employer? Explain. What are the controversies associated with these modifications? Include the union's objections. Which do you prefer-the current FLSA law or the proposed changes? Explain by giving valid reasons.