Midwest Economic Policy Institute

Minnesota Wins with Prevailing Wage

Minnesota’s prevailing wage law boosts the state’s economy, strengthens apprenticeship programs, and increases local hiring without having an effect on public construction costs, according to a new study by the Midwest Economic Policy Institute and Colorado State University-Pueblo.

At a time when unemployment is historically low and 72% of contractors are having trouble filling craft positions, one policy has helped recruit and retain skilled workers into Minnesota’s construction industry: the Minnesota Prevailing Wage Act. The policy provides local minimum wages for construction workers employed on public projects and levels the playing field for contractors.

The Minnesota Prevailing Wage Act keeps construction costs stable.

The Minnesota Prevailing Wage Act is an effective job skills advancement policy.

The Minnesota Prevailing Wage Act provides pathways into the middle class and boosts the economy.

Minnesota’s prevailing wage law produces positive impacts on the economy. By protecting local standards, prevailing wage supports work for local contractors and makes it easier for contractors to recruit, train, and retain skilled workers. The Minnesota Prevailing Wage Act is the best deal for taxpayers.

Full Report: An Examination of Minnesota’s Prevailing Wage Law: Effects on Costs, Training, and Economic Development

In the News: St. Paul Pioneer Press article