Tag: wage
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Construction Salary Report Shows Slower Wage Growth but Rising Optimism for 2026
Baker Tilly has released its 2025 Construction Industry Salary Report, showing wage growth slowed across all participating regions this year. The annual survey includes data from construction firms of varying sizes and sectors and is used by contractors to benchmark compensation practices. The report, the first issued since Baker Tilly’s combination with Moss Adams, found…
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Business, Civic Leaders Unite to Oppose Wage Bill Statewide
More than 50 organizations representing economic development, community, and business groups across New York today launched a statewide coalition to oppose the proposed expansion of construction prevailing wage laws. The bill – A6708 / S6378 – would dramatically raise construction costs, stop critical projects, including those working toward New York’s housing goals, and eliminate thousands…
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Rising wage costs are eating into construction’s margins
The industry’s persistent skills shortage is pushing wage inflation while also thwarting project delivery, writes Nitesh Patel. Wages in construction are rising at a faster pace than across the wider economy. The Office for National Statistics (ONS) reported that average weekly earnings in the industry accelerated to 7.5% in the year to February, from 6%…
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50+ Business, Civic Leaders Unite to Oppose Wage Bill
More than 50 organizations representing economic development, community, and business groups across New York today launched a statewide coalition to oppose the proposed expansion of construction prevailing wage laws. The bill – A6708 / S6378 – would dramatically raise construction costs, stop critical projects, including those working toward New York’s housing goals, and eliminate thousands…
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Proposed New York law would expand prevailing wage requirements
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Lawmakers in Albany, New York, are weighing a change that could significantly expand the number of private construction projects required to pay prevailing wages. The proposal, which labor groups are hoping to include in the state budget…