Advocates oppose Port of Cleveland's possible repeal of prevailing wage mandate, a recommendation for which came from a DEI consultant who says it's causing people to avoid financing deals through the Port
A proposed change to the Cleveland-Cuyahoga County Port Authority's prevailing wage policy will hurt workers and their families, says the Prevailing Wage Coalition, a group of organizations dedicated to fair compensation, workers' rights and economic equity.
“the average wage paid to similarly employed workers in a specific occupation in the area of intended employment,” according to the Department of Labor.Bridges Group International, a North Carolina-based consulting firm the Port brought on to create DEI initiatives, told the board of directors the prevailing wage resolution harms the port’s ability to finance deals.
Senior vice president of Public Affairs and Energy Policy Jade Davis stressed that the minimum wage would remain at $15 an hour and that any potential change to the prevailing wage mandate “still does not change prevailing wage on port projects or projects that the port is spending port money on, like Irishtown Bend.”
With fewer deals, Cleveland’s port is in danger of getting a lower bond rating from Standard & Poor's , a leading stock market index."We've been given kind of a warning from S&P that we need to get more deals done, more transactions done and build the number back up in the program, or we run the risk of being degraded."“Growing economic inequality – both income and wealth – was caused by intentional policy decisions over the past four decades,” the letter says.
The coalition also points out that, for such a significant change, voters weren’t informed last November. More work must be done to ensure that workers in our region earn family sustaining wages. Too often Black and brown workers are most adversely impacted by both the historic and accelerating economic inequality in our economy. The Port must be a partner in this work.
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