on Tuesday announced changes to labor rules that could give higher wages to construction workers on federal projects.has provided the first update in decades to the Davis-Bacon Act of 1931, a law that requires the payment of prevailing local wages on public works.
The new rule is something of a return to the past in that it 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. 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.
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