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Books > Business & Economics > Business & management > Ownership & organization of enterprises
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The Economics of Prevailing Wage Laws (Paperback)
Loot Price: R1,680
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The Economics of Prevailing Wage Laws (Paperback)
Series: Alternative Voices in Contemporary Economics
Expected to ship within 12 - 19 working days
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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since 1979 nine States have repealed their laws.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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