SMALL BUSINESS URGES LEGISLATURE TO REPEAL COMMON CONSTRUCTION WAGE
The National Federation of Independent Business (NFIB) is urging law makers to repeal Indiana’s common construction wage and save hard working taxpayer money as well as allow small businesses to compete for new projects. This antiquated government mandated system was set up in the 1930’s and reform is the key to allowing the free market to work.
“Repealing the state’s common construction wage will encourage competition, improve our economy and most importantly, save money for the taxpayer.” Said NFIB Indiana State Director Barbara Quandt. “This price-fixing scheme effectively keeps small businesses out, forces schools and local governments to pay significantly more for projects and perpetuates bureaucratic regulation and burdensome administrative costs.”
Studies demonstrate that repealing the common construction wage will result in an average savings of 10-15% per public project which could then be put towards increasing the scope of development, putting more money in the classroom or improving other areas of concern for local governments.
Continued Quandt; “The new jobs we need will come from Indiana’s small businesses. We urge legislators to repeal the Common Construction Wage and allow small businesses to compete fairly for public projects. Hoosier taxpayers and the economy will be the better for it.”