stanolshefski t1_ja2k5l2 wrote on February 26, 2023 at 10:42 AM

Reply to comment by tornpentacle in For marginal occupations licensed by U.S. states, the welfare costs of licensing exceeds the benefits, as workers have to expend resources to obtain the license and consumers pay higher prices. [The study looks at professions that require license in some states but not others]. by smurfyjenkins

That may be true for some (maybe even most) professions. For others, licensing was created by existing members of the profession to protect their jobs/wages. Maintaining a high barrier to entry, or a system where others work an extended period of time a no wages or significantly-reduced wages, keeps incomes up for the licensed group of people.