FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RDTPef6LjCeQg2TUb7aY88W
Label Prevailing Wage
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Identifier N/A
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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.

Class Relationships

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See Also

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Additional Information

Metadata

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Description

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Editorial Information

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Deprecated

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Source and Origin

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