Occupational licensing restricts entry into professions from "summary" of Free to Choose by Milton Friedman
Occupational licensing is a common practice in many professions, requiring individuals to obtain a license before they can legally practice. While the justification for licensing is often based on the need to protect consumers from harm, it can also have the unintended consequence of restricting entry into professions. Licensing can create barriers to entry by setting high educational or training requirements, which can be costly and time-consuming to meet. These requirements can make it difficult for individuals with limited resources or time to enter a profession, thereby limiting competition and potentially leading to higher prices for consumers. Furthermore, the ...
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