What is the difference between a minimum wage and a prevailing wage?

The main difference between a minimum wage and a prevailing wage is the rate of pay that employees receive. Minimum wage is the lowest amount of money that employers can legally pay their employees, while prevailing wage is the rate of pay that employers must pay to employees who are performing certain types of work. In Pennsylvania, the legal minimum wage for non-tipped employees is currently $7.25 per hour. This is the least amount of money that all employers must pay their employees for their work. This rate can be higher in certain counties or cities, but it cannot be lower. On the other hand, prevailing wage is the hourly rate of pay for employees who work on certain types of public works projects. These projects include construction, demolition, or repair of public buildings, property, or works. The prevailing wage rate is established by the Pennsylvania Department of Labor and Industry and is intended to ensure that employers pay fair and equitable wages to their employees who are performing work on these types of projects. In summary, the main difference between a minimum wage and a prevailing wage is the rate of pay that employers must pay their employees. While the legal minimum wage is the least amount of money that employers in Pennsylvania must pay their employees, prevailing wage is the rate of pay that employers must pay to employees working on certain types of public works projects.

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What is the difference between a minimum wage and a prevailing wage?

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