Occupational Licensing: US and International
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The potential benefit of having the government require that certain jobs require an official license is quality control and protection. Personally, I rather like knowing that my nurse or doctor or dentist has gone through courses and training. The potential cost is that requirement to have a government license can become a way for those who have a job to limit the number of people who can do that job, and thus to push up their own wages, rather than offering benefits to consumers. What economist
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