It appears to have been the clear intention of Congress to protect
the basic minimum wage and overtime compensation required to be paid to
the employee by sections 6 and 7 of the Act from profiteering or
manipulation by the employer in dealings with the employee. Section 3(m)
of the Act and subpart B of this part accordingly prescribe certain
limitations and safeguards which control the payment of wages in other
than cash or its equivalent. (Special recordkeeping requirements must
also be met. These are contained in part 516 of this chapter.) These
provisions, it should be emphasized, do not prohibit payment of wages in
facilities furnished either as additions to a stipulated wage or as
items for which deductions from the stipulated wage will be made; they
prohibit only the use of such a medium of payment to avoid the
obligation imposed by sections 6 and 7.
