Identification
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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
Sub Class Of
- • Wage
Parent Class Of 0
- • None
Class Hierarchy Visualization
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Additional Information
Metadata
Comment
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Description
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Notes
- • None
Editorial Information
History Note
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Editorial Note
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Deprecated
No
Source and Origin
No source or origin information available