🌐 Global Economy 20h ago · Alex Tabarrok

Rescind Davis Bacon

Marginal Revolution
View Channel →
Source ↗ 👁 0 💬 0
The Davis-Bacon Act requires that workers on federally funded construction projects be paid at least the “prevailing wage” for their trade in the local area.
Mike Schmidt, Director of the CHIPS Program Office, has an excellent piece on how Davis-Bacon impacted the CHIPS program. My initial understanding was that it simply required paying construction workers more—an unnecessary transfer from taxpayers to a politically favored group, but not one that would impede efficiency. I was wro

Comments (0)

Sign in to join the discussion

More Like This

📰
Wednesday assorted links
Marginal REVOLUTION · 16h ago
Ocean freight contracts: How data steers one shipper’s approach
Supply Chain Dive - Latest News · 16h ago
📰
Making sense of a CEO:worker wage ratio with basic sums
Alphaville · 16h ago
📰
Interview with Ellen McGrattan: Business Cycles and Intangible Capital
Conversable Economist · 17h ago
How AI is changing food supply chains
Supply Chain Dive - Latest News · 18h ago
WD-40 braces for Iran war impact on supply costs
Supply Chain Dive - Latest News · 18h ago