Looking at a job that has prevailing wage and don’t know what it means. Is it a good thing?
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It might vary by state, but in my state, Labor and Industry (L&I, the same people that do worker’s comp claims) has access to Collective Bargaining Agreements. Prevailing wage is then established using CBA rates by job function and by county (usually, I think some ports, cities, and other municipalities will sometimes have unique prevailing wages). The prevailing wage then becomes the minimum wage allowable for work that receives funding from government contracts.
Paying people by job can be administratively burdensome, so larger government contracts often end up with prevailing wage as just their minimum wage.
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