Prevailing Wage Drives Kentucky's Economic Development
Every dollar spent on a prevailing wage project generates $1.50 in economic activity – that’s money spent at local businesses such as restaurants, shops and grocery stores – spurring additional job creation that keeps local businesses and economies strong.
In fact, the economic activity generated by prevailing wage projects supports 2,643 non-construction jobs in Kentucky!
Prevailing wage is the wage paid to skilled construction workers on publicly funded projects estimated to cost more than $250,000. The wages are set by Kentucky’s Labor Cabinet based on what construction workers in the area make on private sector projects. This forces big government to abide by local private sector economies.
Leave a Reply
Want to join the discussion?Feel free to contribute!