Study: Prevailing Wage Adds 17.5K Jobs to California Economy

by Valerie Gotten on Tue, 14 Apr 2015

SACRAMENTO, Calif. /California Newswire/ – Prevailing Wage policies add 17,500 jobs and $1.4 billion in output across California’s economy, according to a new study released today by Smart Cities Prevail – a leading construction industry education and research organization.

Titled, Building the Golden State – The Economic Impacts of California’s Prevailing Wage Policy, the first-of-its-kind report was co-authored by Colorado State University-Pueblo Economist Dr. Kevin Duncan and Smart Cities Prevail Researcher Alex Lantsberg. The study was conducted using IMPLAN software (the industry standard for analyzing the effects of government policy choices on the economy) to model the impact of eliminating California’s prevailing wage standards.