Nothing Crushes Your Standard of Living Like Government
There are thousands of occupational licensing rules that have been established which seek to restrict everyday life and activities all around the market.
It is the people who are the ones who suffer as a result of this. They are victims of this violence and restriction, and because of the government interference are going to end up getting lower quality of goods, higher prices, fewer options, less opportunity all around, and a decreased standard of living.
1 in 5 Americans require an occupational license to get a job and work these days.
Previous investigations have found that these occupational licensing rules are possibly keeping at least 2 million jobs out of the economy every year. It hurts everyone, and most of the rules are arguably about reducing competition and are not about justified safety concerns.
Occupational licensing comes at the expense of freedom and opportunity.
It takes away opportunity from those who need it most, reducing options for those in poverty to do better for themselves and make more for themselves and their families.
Occupational licensing restricts wage growth.
For occupations in states that have some of the lowest growth for earnings between 2016 and 2019, you'll find that these are the same states with more licensing restrictions than others.
If the government or its representatives were at all concerned about the welfare of the people then they wouldn't insist on placing a boot on the throat of those who are just trying to peacefully serve their communities and make a better life for themselves.
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