{"iri":"https://folio.openlegalstandard.org/RDTPef6LjCeQg2TUb7aY88W","label":"Prevailing Wage","sub_class_of":["https://folio.openlegalstandard.org/RiYwKEna4NZ311TVYJ2yCj"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/RqiDHswc43JoKvLEHWMGvR"],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"definition":"The \"Prevailing Wage\" is the hourly wage, typically established by government authorities, that is paid to workers in a specific locality or industry for a particular type of labor. It is intended to ensure that workers on government-funded projects or in certain sectors receive a fair and competitive wage, often based on the average wage rates for similar work in the region.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}