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Federal rates are calculated based on regulations established by the US Department of Labor.According to Code of Federal Regulations, "The prevailing wage shall be the wage paid to the majority (more than 50 percent) of the laborers or mechanics in the classification on similar projects in the area during the period in question.
Union, heavy construction and highway construction laborers earn on average (2008 US) $25.47/h compared to 13.72/h for non-union laborers. [5] In addition to paid earnings, union laborers enjoy the benefits of medical insurance, vacation pay, pension plans, representation and vocational schools; totaling $45/hr (2012 US) and some with special ...
Sen. James J. Davis (R-PA) and Rep. Robert L. Bacon (R–NY-1), the co-sponsors of the Davis–Bacon Act. The Davis–Bacon Act of 1931 is a United States federal law that establishes the requirement for paying the local prevailing wages on public works projects for laborers and mechanics.
Data from the Labor Department showed that construction firms added 10,000 jobs in November following a modest gain of 2,000 jobs in October. Analysis from the Center for Economic and Policy ...
The Contract Work Hours and Safety Standards Act (CWHSSA) is a United States federal law that covers hours and safety standards in construction contracts.. The Act applies to federal service contracts and federal and federally assisted construction contracts worth over $100,000, and requires contractors and subcontractors on covered contracts to pay laborers and mechanics employed in the ...
The nation's jobless rate edged down to 4.1% from 4.2% in November. And average hourly earnings for all private employees rose last month at an annual rate of 3.9%, more than a percentage point ...
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