Today, the Midwest Economic Policy Institute released Common Sense Construction: The Economic Impacts of Indiana’s Common Construction Wage with the University of Illinois School of Labor and Employment Relations and Smart Cities Prevail. The report finds that Indiana’s Common Construction Wage (CCW) promotes positive labor market outcomes for both construction workers and contractors.
Ten facts about the Indiana CCW:
1. The Common Construction Wage keeps Hoosier jobs local. (For more, see pages 5 and 11-13)
2. The Common Construction Wage does not increase total construction costs for public projects. (Pg. 4)
3. The Common Construction Wage promotes an upwardly-mobile, high-road economy for working families. (Pg. 5-8)
4. The Common Construction Wage supports almost 2,000 non-construction jobs and nearly $250 million in total worker income throughout the state. (Pg. 13-14)
5. The Common Construction Wage boosts the Indiana economy by about $700 million. (Pg. 13)
6. The Common Construction Wage increases tax revenues for all levels of government. (Pg. 15)
7. The Common Construction Wage fosters safer workplaces for Indiana construction workers. (Pg. 15-16)
8. The Common Construction Wage increases the benefits package paid to workers by around 20 percent. (Pg. 17)
9. The Common Construction Wage produces a highly-skilled, highly-productive workforce. (Pg. 18-19)
10. The Common Construction Wage does not favor union contractors over nonunion contractors. (Pg. 19-21)
Ultimately, the Common Construction Wage for publicly-assisted construction projects provides substantial economic benefits for workers, contractors, and the overall Indiana economy. The Common Construction Wage supports a dynamic, high-road economy that promotes worker productivity and improves public safety.
- YouTube Video: Common Construction Wage Works!
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- Also see: A Weakened State: The Economic and Social Impacts of Repeal of the Prevailing Wage Law in Illinois [pdf]