Chapter Corner

Nat Peniston

Why "Prevailing Wages" Exist & How to Take Advantage of Them

The year was 1927. Charles Lindbergh flew the Spirit of St. Louis across the Atlantic and Henry Ford, following the success of the Model T, released the mass production Model A with over 400,000 sold in the first two weeks. The United States, flush with cash from the economic boom nicknamed the ‘Roaring Twenties,’ was completing federal projects such as the Holland Tunnel under the Hudson River, which connected New York and New Jersey, and starting new projects such as the Mount Rushmore federal monument. There were smaller developments too, such as the construction of a veterans’ hospital in Rep. Robert L. Bacon’s Long Island district.