Prevailing wages are the rate of pay and fringe benefits determined
by federal authorities to be the norm for each classification of laborers
and mechanics in particular geographic areas for particular types of projects.
Federal law required that employers with federal contracts pay the prevailing
wage to their employees. These rates are determined by the U.S. Department
of Labor (DOL) using local data and are equivalent to union rates in most
areas. Prevailing minimum wages, on the other hand, tend to track statutory
minimum wages in a geographic area.
Summary for [Your State]