Survey confirms Davis-Bacon prevailing wage scheme’s inflationary impact

Sources: Associated Builders and Contractors, Washington, D.C.; CP staff The Department of Labor’s flawed method of calculating “prevailing wages” under the 91-year-old Davis-Bacon Act adds at least 7.2 percent to the cost of federal and federally assisted construction projects and inflates wages by 20.2 percent compared to local market averages, according to a new report from the Beacon Hill Institute,…

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