What requirement did the Davis-Bacon Act of 1931 establish?

The Davis-Bacon Act of 1931 established the requirement for paying prevailing wages to workers on federally funded construction projects. This legislation was designed to ensure that contractors and subcontractors working on public works projects pay their laborers at least the local prevailing wage rate for similar work, which helps to protect local wages and working conditions in the construction industry.

This emphasis on prevailing wages aims to prevent federal funds from being used to drive down wages in the construction sector and to promote fairness in competition among contractors. The focus is on ensuring that workers receive a wage that reflects the standard pay for their region and job classification, which maintains economic stability and fairness in the labor market for construction workers on public projects.