New report shows licensing reduces the supply of workers by 20 percent
Which is exactly what it is intended to do.
Most licensing, and practically everything is licensed now, is about keeping competitors out of the marketplace. It has very little to do with the safety of the public.
(From Michigan Capitol Confidential)
A new report from Peter Q. Blair of Harvard University and Bobby W. Chung of Clemson University adds to the body of economic literature on the employment effects of licensing laws. “How Much of a Barrier to Entry is Occupational Licensing?” estimates that mandatory state licenses lower the number of people working in an occupation by 17% to 27%.
Reprinted from: https://www.ac2news.com/2019/05/new-report-shows-licensing-reduces-the-supply-of-workers-by-20-percent/
