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The three approaches are: traditional theory of wages. theory of negotiated wages. signaling theory.

Wage Determinations are issued for four types of construction categories: building, residential, highway, and heavy.

Example of Wages For example, a warehouse employee works 40 hours during the work week. If the employee's hourly rate of pay is $15, on the 5th day following the work week, the employee will receive a paycheck showing gross wages of $600 (40 x $15).

The Market Wage Rate. In a competitive labor market, the equilibrium wage and employment level are determined where the market demand for labor equals the market supply of labor. Like all equilibrium prices, the market wage rate is determined through the interaction of supply and demand in the labor market.

? SCA wage determinations set forth the prevailing wages and fringe benefits that. prime contractors and subcontractors must pay service employees working on covered contracts in specified geographic areas. SCA wage determinations are issued by the WHD Branch of Service Contract Wage Determinations.

To request a prevailing wage determination for a Nonagricultural Immigration Program (PERM, H-1B, H-1B1, H-2B, and E-3) employers must complete the Form ETA-9141 (Application for Prevailing Wage Determination) and submit it to the National Prevailing Wage Center (NPWC). Electronic filing is strongly recommended.

Answer: A "wage determination" is the listing of wage rates and fringe benefit rates for each classification of laborers and mechanics which the Administrator of the Wage and Hour Division of the U.S. Department of Labor has determined to be prevailing in a given area for a particular type of construction (e.g., ...