The new rule will use the definition of prevailing wage that the Labor Department previously used from 1935 to 1983, likely raising the hourly earnings of contractors and subcontractors.
According to a statement from the vice president’s office, over 1 million construction workers will benefit from this ruling.
The new rule “will mean thousands of extra dollars per year in workers’ pockets to help put a down payment on a home, save for retirement, or simply have more breathing room,” the statement said.
Source: Vice President Harris Announces Update to Davis-Bacon Act | Roads and Bridges






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