Louisville Mayor Protects Louisville Job Creation
Prevailing wages, as they are determined in Kentucky, are set at rates artificially above what would otherwise exist in a free market. The result of these artificial wage rates is that they dampen a company's ability to afford to create new jobs and economic growth.
Recently, Mayor Abramson vetoed a Louisville city ordinance that would require these artificial wage rates. The Kentucky Opportunity Coalition explains:
By destroying free and open market competition, those dollars which fund artificially inflated wages also artificially increase the cost of those projects to business. Taxpayers footing the bill for government projects deserve better. This excess, 20 cents for every wage dollar, could be better used to fund other essential public projects otherwise funded by taxpayers.
Visit their website to learn more about how Kentucky's prevailing wage system is contributing to the state budget crunch.
