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In this episode of the Budget & Tax News podcast, managing editor Jesse Hathaway talks with Saint Francis University associate professor of economics Edward Timmons about the stated goals and real-world effects of occupational licensing laws. States such as Colorado and Oregon are proposing making it more difficult for people to be employed doing things they enjoy doing, like yoga instruction or music therapy.
As Timmons explains, empirical evidence collected over the years suggests that consumers do not benefit from more stringent licensing requirements. Instead, evidence leads him to conclude existing special-interest groups and established players in markets are the primary beneficiaries of forcing new entrants to seek government approval before they are allowed to join these professions.