The Economic Impact of Prevailing Wage Law Repeals on Construction Market Outcomes | Evidence from Repeals Between 2015 and 2018
Prevailing wage laws establish minimum wages for skilled construction workers employed on taxpayer-funded projects. The main purpose of prevailing wage laws is to protect local construction standards in the competitive low-bid process. The laws create a level playing field for all construction contractors by ensuring that public expenditures maintain and reflect local market standards for … Read more