Quote of the day: Prevailing wage policies are costly

Quoteoftheday

Quoteoftheday

"The overwhelming conclusion in the economics literature is that prevailing wage laws increase construction costs. The analysis performed by the Office of State Budget Director shows that a conservative estimate of the potential cost savings for the Commonwealth would be a statewide average of 17.1% of the labor cost of construction projects."- The Impact of Prevailing Wage Laws On Labor Costs for Capital Construction Projects, J. Michael Jones, Office of State Budget Director, 2006

Increase Free Markets, Reduce Government Spen..., Smaller GovernmentJim Waterslabor, prevailing wage, quote of the dayComment