New York’s Prevailing Wage Law - A cost-benefit analysis | CCA METRO
portrait
NEWS | RESEARCH

New York’s Prevailing Wage Law – A cost-benefit analysis

The Economic Policy Institute’s analysis of peer-reviewed research shows how prevailing wage laws (1) promote cost-effective quality and safety on taxpayer-funded construction projects, (2) stimulate economic growth and higher tax revenue, and (3) reduce poverty and reliance on public healthcare and assistance programs.
New York's Prevailing Wage Law - A cost-benefit analysis
SHARE
MORE RESEARCH
PAYROLL FRAUD IN NEW YORK’S CONSTRUCTION INDUSTRY: ESTIMATING ITS PREVALENCE, SEVERITY AND ECONOMIC COSTS
Research
PAYROLL FRAUD IN NEW YORK’S CONSTRUCTION INDUSTRY: ESTIMATING ITS PREVALENCE, SEVERITY AND ECONOMIC COSTS
Research by the Institute for Construction Economic Research (ICERES) finds that payroll and tax fraud costs New Yorkers more than $1 billion annually. Cheating contractors gain a $13,500-15,000 cost advantage per worker over law-abiding contractors and workers paid off-the-books or misclassified as independent contractors are robbed of $9,000-10,000 annually.
VIEW ARTICLE
Healthy City: Inside New York City's Hospital Building Boom
Research
Healthy City: Inside New York City's Hospital Building Boom
New York City's large hospital systems are making major capital investments not only to modernize their facilities but to transform how they deliver healthcare. This New York Building Congress report details how they are an important factor in NYC's construction and overall economy.
VIEW ARTICLE
The Economic, Fiscal, and Social Effects of Ohio’s Prevailing Wage Law
Research
The Economic, Fiscal, and Social Effects of Ohio’s Prevailing Wage Law
76% of peer-reviewed economic research shows that prevailing wages do not increase public construction costs. Here is more research from Ohio that reaches the same conclusion.
VIEW ARTICLE