The Unseen Consequences of Occupational Licensing
Published on: January 2, 2020
Occupational licensing is supposed to protect consumers, but instead it inhibits competition and further entrenches incumbents in the market. Under the guise of consumer safety, occupational licenses require costly classes or fees before workers may join certain professions. Many professions now require licenses even though they do not put consumers at risk.
- What percentage of occupations should require licenses?
- What licenses exist that should be abolished?