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AtWhatCo$T?

November 13, 2018
By Morris M. Kleiner, Evgeny S. Vorotnikov

State occupational licensing costs the U.S. economy nearly 2 million jobs annually, reports the Institute for Justice.

“This study finds the share of the workforce with a license varies by state from 14 percent in Georgia to 27 percent in Nevada.  The study confirms licensing has grown nationally from 5 percent of jobs in the early 1950s to 19 percent today.  Nationally, licensing costs from $6.2 billion to $7.1 billion in lost output each year and  costs the U.S. economy nearly 2 million jobs annually.”