How Trump And The Congressional Black Caucus Can Prevail Over Unemployment
How Trump and the Congressional Black Caucus can prevail over unemployment
In President Trump’s first meeting with Congressional Black Caucus leaders last week, equal economic opportunity for all — a universally shared American value — was the touchstone of policy discussions from crime abatement to infrastructure.
Unfortunately, a nearly century-old government doctrine enshrined in the Davis-Bacon Act of 1931 and commonly called prevailing wage requirements undermines this national aspiration by killing jobs and raising consumer prices, particularly among America’s least privileged.
Prevailing wage regimes mandate taxpayers pay bureaucratically determined prices for contract labor on government projects. Ostensibly, this calculation reflects average costs for the industry and region in which projects take place.