Fair Labor Standards Amendments of 1989

[AI summary unavailable — showing source text] Fair Labor Standards Amendments of 1989 - Amends the Fair Labor Standards Act of 1938 (the Act) to increase the minimum wage per hour from $3.35 in 1989 to: (1) $3.80 in FY 1990; and (2) $4.25 in FY 1991 and thereafter. Provides for annual adjustments of the minimum wage. Directs the Minimum Wage Review Board (established by this Act), by January 1, 1991, to review current economic data on wages, prices, and other economic indicators and determine how the minimum wage rate should be adjusted. Directs the Board, by October 1, 1991, to transmit to the Congress a recommendation to adjust the rate, including an estimate of the economic effects of doing so. Directs the Board to conduct such reviews and transmit such recommendations annually. Establishes the Minimum Wage Review Board, composed of five members appointed by certain congressional officers. Increases the small business exemption by revising the definition of an enterprise engaged in commerce for purposes of coverage under the Act ("the enterprise test"). Exempts from such coverage those businesses whose annual gross volume of sales or business is less than $500,000 (currently $362,500), effective October 1, 1989. Requires em…