In the same week as government data revealed that inflation is stubbornly ticking higher again, the Biden administration put its final stamp of approval on a new rule that will hike the cost of infrastructure projects.
The Department of Labor announced Wednesday that it will change how it calculates so-called prevailing wages paid to government contractors working on construction and infrastructure projects. In its announcement of the new rule, the Labor Department claims the changes are meant to "modernize Davis-Bacon," the 1931 law that governs compensation for federal building projects.
