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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (71041)	1/23/2009 1:36:17 PM
From: Snowshoe	Read Replies (1) \| Respond to of 74559

SI blogger Mish is now campaigning against the Davis Bacon Act... I Urge Congress To Scrap Davis Bacon When it comes to jobs creation, we need to get the most work done for the cheapest amount. The way to do that is to scrap the Davis-Bacon act. Economist Greg Mankiw writes: "More public projects would pass a cost-benefit test if we repealed the Davis-Bacon Act. This law requires contractors on these public projects to pay "prevailing wages," which are typically union wages well in excess of what would occur in a free market. If the government paid market-determined wages for infrastructure projects, we could have both more infrastructure and less government debt. Without doubt, that legacy would benefit future generations." globaleconomicanalysis.blogspot.com link found at: Message 25338059