Study Shows Govt Licensing Kills 31,000 Jobs & Costs Consumers $2 billion – In 1 State Alone
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When we talk about declining jobs and economic burdens, the narrative conditions many to blame some “other” political or cultural group. But perhaps the least talked about threat to jobs comes from the government itself in the form of occupational licensing.
A new analysis from the Wisconsin Institute for Law & Liberty (WILL) found that in Wisconsin alone, the rapid expansion of licensing requirements over the past 20 years caused 31,000 fewer jobs to be had, and cost consumers almost $2 billion.
The study, the first of its kind to examine the economic and social impact of the more than 240 different types of credentials issued by DSPS, shows a dramatic surge in the number of regulated occupations and license holders. Across the country, a bipartisan consensus – from the Obama White House to the Koch Brothers – has formed that occupational licensing is arguably one of the most substantial barriers to opportunity in America today. While some credentialing serves to protect public health and safety, much is rank protectionism – a device to “fence in” those who already have permission to work and “fence out” those who do not.
As this writer posited earlier this year, government licensing is just another extortion racket with no real purpose in making things safer or better.
These licenses involve paying government to take some sort of test and/or provide documentation of state-approved training, and then paying government every year—at steadily increasing rates—until you quit, retire or die.
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