Introduction and Summary
“Prevailing” wage legislation requires that a particular wage rate be paid to laborers working on government construction projects. The rate is determined through government surveys and is usually found to be substantially higher than the market rate. Many politicians and unions argue that paying the “prevailing” wage rate is beneficial and fair because it provides a just wage for hard-working families, results in quality construction and provides a responsible example for construction firms paying lower rates on private projects.
The federal “prevailing” wage law was adopted in (more…)