What does the Davis-Bacon Act pertain to?

The Davis-Bacon Act pertains specifically to establishing a minimum wage for workers on federally funded construction projects. Enacted in 1931, this law requires contractors and subcontractors engaged in public works projects to pay their laborers and mechanics at least the locally prevailing wage and benefits, which is determined by the Department of Labor. This act aims to ensure fair compensation for workers and prevent the underbidding of local wage standards, thus contributing to more equitable labor practices in federally funded construction. Understanding the significance of the Davis-Bacon Act highlights the government's role in promoting fair wages and standards within the federal contracting process.