The Davis-Bacon Act is a United States federal law that established the requirement that prevailing wages must be paid on public works projects. In this book, Armand J. Thieblot argues that the law was passed under false pretenses and based on flawed economic logic. Despite this, the law continues to expand in scope and increase in cost. The act is supported by a substantial bureaucracy within the Department of Labor that has resisted all efforts at substantive modernization or reform. Today, the Davis-Bacon Act is the bedrock upon which stands one of the last bastions of private unionization in the construction industry. This book provides a compelling list of fifty-four separate reasons why the Davis-Bacon Act should be repealed.Thieblot deals with the history, purposes, and administrative concepts of prevailing wage laws, providing an overview of the act's administration. He covers the survey and determination process, and delves into how the act is administered. Thieblot summarizes its direct and indirect costs, evaluates counterclaims on the economic impact of Davis-Bacon, and considers compromises short of full repeal. Also included are seven appendices that provide full support for the conclusions summarized in the main text.Thieblot documents a case against Davis-Bacon that is neither judgmental nor political, but he does question whether there is compelling public interest in maintaining a federal prevailing wage law. He puts forward a list of reasons why the Davis-Bacon Act should be repealed, making a convincing case that deserves action and not just simple consideration. This work should be read by all economists, lawmakers, and government officials.
This volume investigates African-American employment in banking and insurance in the United States. The authors describe how these once almost all-white industries are now employing large numbers of African-American and what problems remain to be solved before equal employment opportunity can be fully attained. Appendices tell the story of African-American-owned banking and insurance companies and their status today. Located in primarily urban areas, banks and insurance companies may soon be among the largest employers of African-Americans. The centralized personnel structure of banks gives them a significant advantage in employing African Americans, but the authors find that both banks and insurance companies have been slow to employ black managerial personnel. This study is based upon individual reports first published in the Racial Policies of American Industry series. A final chapter compares and contrasts the situations in banking and insurance, paying particular attention to the reasons for varying progress in the two industries. Founded in 1921 as a separate Wharton department, the Industrial Research Unit has a long record of publication and research in the labor market, productivity, union relations, and business report fields. Major Industrial Research Unit studies are published as research projects are completed. This volume is Study no. 47.
This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.
The Davis-Bacon Act is a United States federal law that established the requirement that prevailing wages must be paid on public works projects. In this book, Armand J. Thieblot argues that the law was passed under false pretenses and based on flawed economic logic. Despite this, the law continues to expand in scope and increase in cost. The act is supported by a substantial bureaucracy within the Department of Labor that has resisted all efforts at substantive modernization or reform. Today, the Davis-Bacon Act is the bedrock upon which stands one of the last bastions of private unionization in the construction industry. This book provides a compelling list of fifty-four separate reasons why the Davis-Bacon Act should be repealed. Thieblot deals with the history, purposes, and administrative concepts of prevailing wage laws, providing an overview of the act’s administration. He covers the survey and determination process, and delves into how the act is administered. Thieblot summarizes its direct and indirect costs, evaluates counterclaims on the economic impact of Davis-Bacon, and considers compromises short of full repeal. Also included are seven appendices that provide full support for the conclusions summarized in the main text. Thieblot documents a case against Davis-Bacon that is neither judgmental nor political, but he does question whether there is compelling public interest in maintaining a federal prevailing wage law. He puts forward a list of reasons why the Davis-Bacon Act should be repealed, making a convincing case that deserves action and not just simple consideration. This work should be read by all economists, lawmakers, and government officials.
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