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(Archived document, may contain errors) 315 Dece mber 15, 1983 TRIMMING THE HUGE COST .OF DAWS-BACON c INTRODUCTION The Davis-Bacon Act, enacted in 1931, requires contractors to pay the llprevailingll wage on federally funded construction projects. The purpose of the Act was to protect local construc ti on labor from the competition of itinerant contractors and their lower paid, often minority, employees.
(Archived document, may contain errors)
(Archived document, may contain errors)
In a December 23 article published on mises.org, Lipton Matthews made the compelling case for advocates of free market capitalism to prioritize the moral superiority of capitalism rather than making the case for capitalism’s superior productivity. “Demonstrating the impracticality of socialism is necessary, but is also an ineffective strategy to galvanize goodwill for capitalism, because objections to capitalism are usually predicated on moral grounds,” he wrote. Indeed, in the battle of emotions vs. rational justification in the human brain, emotions are king. You cannot penetrate em...