Does prevailing wage drive up the cost of public construction?
No. Prevailing wage simply reflects wages and benefits earned in the local construction market. Low-wage and high-wage employers compete against each other every day in the private sector. To suggest that prevailing wage drives up the cost of public construction ignores the fact that these wage rates are based on real wages, paid for real work, performed on real jobs in the private sector.
Related Questions
- What is the difference between school construction projects and privately funded construction projects? Why are there large cost differences between public and private construction projects?
- Do PLAs raise the cost of construction by establishing a wage level?
- Are Common Construction Wage Hearings open to the public?
