A bill before the Minnesota Legislature would allow the state to suspend prevailing wage requirements on state-funded construction projects if November budget projections show a 1% or greater deficit.
The bill’s sponsor, Sen. Chris Gerlach, claims the legislation would prevent Minnesota taxpayers from paying “more than they ought for market-rate services.” Supporters claim the bill will create jobs and be an efficient use of taxpayer money.
Not surprisingly, unions disagree. They claim the state law guards against the deflationary wages and cost cutting that prompted passage of the Davis-Bacon Act during the Great Depression.
Each side has studies to back its position. Passage seems unlikely in the Democratic Farmer Labor Party controlled Legislature, but supporters hope to build on rising economic anxiety to pass the measure.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/9218/legislation-would-scrap-states-prevailing-wage "