Prevailing Wage

Author: Sean Deery SBU'19, REI Senior Marketing Intern 5/10/19

A proposed prevailing wage law going through Albany could challenge the financial success of public/private partnerships. This bill, sponsored by Sen. Jessica Ramos (D-East Elmhurst) and Assemblyman Harry Bronson (D-Rochester), is drawing support from union officials and drawing opposition from real estate industry officials.

This law would expand the definition of public projects to include any private project that receives public incentives or funding. A public works project requires the payment of prevailing wages - which are set by the Department of Labor and to labor union’s schedule. If enacted, any project currently being funded by public funds would immediately have to convert to paying the maximum prevailing wage in addition to following separate operational guidelines set forth by the union and Department of Labor.

This article is meant to objectively explore the issue of prevailing wages from a Long Island perspective.