The Impact of Service Contract Prevailing Wage Laws in the United States and Illinois | Effects on the Labor Market Outcomes of Custodial Workers

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Prevailing wages establish minimum wages for different types of work on government contracts that are based on hourly wages and fringe benefits customarily paid for similar work in the local market. The main purpose of prevailing wages is to protect market standards in the competitive bidding process because public bodies are usually required to award … Read more