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DISCLAIMER: The information presented in this video may not be completely comprehensive and is not intended to amend, interpret, or make specific any existing law or regulation for the purposes of complying with prevailing wage. Any opinions expressed are solely those of the author/speaker and are not necessarily the official position of the governing law, agency, its Director, or any related public entity. It is not intended as legal advice, and does not guarantee any outcome in specific enforcement or coverage proceedings within the governing jurisdiction. You are urged to obtain legal consult for full confirmation. When it comes to wages, not all pay rates are created equal. In this video, we break down the difference between minimum wage, the legally required base pay, and prevailing wage, which applies to workers on publicly-funded projects or specific oversight types and reflects industry standards. You'll learn: ✔️ How minimum wage is set at federal, state, and local levels ✔️ Why prevailing wage varies by location and job type ✔️ Who benefits from these wage laws and how they impact businesses ✔️ Real-world examples to help you understand the difference Whether you're an employee, employer, or just curious about labor laws, this video has everything you need to know. Have any questions? Feel free to get in touch with us via our website at the following link: https://go-alliant.com/#contact-us Chapters: 00:00 Start Follow us on social media: Website: https://go-alliant.com/ Trainings: https://www.eventbrite.com/cc/alliant... Instagram: https://www.instagram.com/go_alliant/... Facebook: / alliant-consulting-inc-100065301857659 LinkedIn: linkedin.com/company/alliant-consulting #construction #youtube #prevailingwage #educational #davisbaconact #federal #federalproject #wh347 #Certifiedpayroll #publicworks #apprenticeship