North Carolina lawmakers recently backed away from a proposed bill that would have reformed the state’s occupational licensing laws. In testimony given before the state legislature’s Joint Legislative Administrative Procedure Oversight Committee, lobbyists convinced lawmakers to ditch plans to eliminate government licensing requirements for a dozen occupations and consolidate government licensing boards. The lobbyists argued removing government restrictions on occupations such as acupuncturists and athletic trainers would have endangered consumers’ health.
Passed into law with the stated intention of protecting consumers from low-quality service providers, occupational licensing laws in fact hurt consumers by insulating existing businesses from competition and preventing people from using their talents to earn a living in ways that might serve consumers better.
Matt Damon made headlines a few years ago when he went on an expletive-laced screed about teachers’ poor (not his word, but close) salaries. It’s personal to him because Damon’s mother is an early childhood education professor.
Let’s agree with Damon that good teachers should earn a lot. The job can be very demanding, and it is crucial to society. So what would it take to pay teachers a great salary — say, something around $90,000 a year or more? That’s actually possible, without raising taxes or adding to the great American debt mountain. Here are three major barriers to that.