Just what is prevailing wage?

I wrote yesterday about how researchers at the Mercatus Center suggested that Kentucky repeal prevailing wage laws. The term prevailing wage is probably confusing to those unfamiliar with labor and wage law.

Here is a great resource for understanding just what prevailing wage is and how it applies in Kentucky.

Researchers say Kentucky needs to repeal prevailing wage laws

We posted yesterday that the Mercatus Center has released its annual freedom index of the states.

Among their recommendations for Kentucky: repeal prevailing-wage laws and cut spending...

Tighten the rules for municipal-bond issuance and cut spending, particularly on grants to local school districts and employee compensation (repeal the prevailing-wage law), in order to retire debt.

The Bluegrass Institute has long been an advocate of repealing prevailing wage laws.