Imagine having to pay and jump through hoops for the government to allow you to work. That’s essentially how occupational licensing works.
Occupational licensing is a system that disproportionately burdens and oppresses the economically disadvantaged, hindering social mobility.
With each disruptive innovation comes progress when consumers prefer newer products or processes over what came before.
A student recently asked me why unemployment remains so stubbornly high, especially for lower-skilled people. Here’s an adaptation of my answer. No one can know for sure the precise causes of unemployment; the economy is a fantastically complex system, like an ecology but still more complex, so unemployment is sure to have a variety of […]