The Economics of Prevailing Wage Laws

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States considered repealing their laws in an effort to reduce construction costs, and since 1979 nine States have repealed their laws.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.Additional ISBNs9780754632559, 9781315240107The Economics of Prevailing Wage Laws 1st Edition is written by Peter Philips and published by Routledge. ISBNs for The Economics of Prevailing Wage Laws are 9781351891042, 1351891049 and the print ISBNs are 9781138258495, 1138258490. Additional ISBNs include 9780754632559, 9781315240107.