ENGLISH

The Economics of Prevailing Wage Laws

By Peter Philips; Hamid Azari-Rad; Mark J. Prus; Professor Steven Pressman

Book information

Publisher
Taylor & Francis Group
Year
2005
ISBN
9781351891059, 9780754632559
LCC
2004023404
Language
english
Format
EPUB
Filesize
1 MB (1469570 bytes)
Series
Alternative Voices in Contemporary Economics Series
Edition
1
Pages
271\0
Time added
2023-08-18 13:56:42

Description

Prevailing wage laws affecting the construction industry in the United States exist at the Federal and State levels. These laws require that construction workers employed by contractors on government works be paid at least the wage rates and fringe benefits 'prevailing' for similar work where government contract work is performed. The federal law (Davis-Bacon Act) was passed in 1931. By 1969 four fifth of States had enacted prevailing wage legislation. In the 1970s, facing fiscal crises, States considered repealing their laws in an effort to reduce construction costs, and since 1979 nine States have repealed their laws. These repeals at State level along with unsuccessful attempts to repeal the Davis-Bacon Act have pushed prevailing wages to the forefront of public policy and controversy. This book, for the first time, brings together scholarly research in the economics of prevailing wages placed in historical and institutional context.

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