What is the purpose of the Davis-Bacon Act in labor law?

The purpose of the Davis-Bacon Act in labor law is to ensure that laborers and mechanics working on a federally funded project receive at least the local prevailing wages for similar work. The act was passed in 1931 by Congress and is enforced by the U.S. Department of Labor. The Davis-Bacon Act applies to federal government construction projects valued at more than $2,000 and requires contractors to pay local wages and benefits in accordance with a collective bargaining agreement or the wages and benefits stipulated in the Davis-Bacon Act. The Davis-Bacon Act ensures fairness in the construction industry by preventing the exploitation of workers. It also helps to level the playing field for government contracts by ensuring that contractors compete on the quality of their work rather than the wages they are willing to pay. This helps to ensure that the contractors offering the best value are awarded contracts. Finally, the Davis-Bacon Act helps to ensure that local workers are paid the proper wages and are not subject to unfair competition from contractors paying their workers less. South Dakota has its own prevailing wage law that mirrors the Davis-Bacon Act, ensuring that construction workers in the state are protected from unfair labor practices. The Davis-Bacon Act is an important part of industrial relations law in South Dakota and helps ensure that laborers and mechanics are not exploited.

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What is the purpose of the Davis-Bacon Act in labor law?

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