Researchers have previously estimated that unnecessary occupational licensing could be keeping millions of jobs out of the market.

The more that the government interferes by requiring individuals to pass through various regulatory hoops prior to getting into business, the more that they essentially discourage those individuals from ever trying to enter the market to begin with.

Whether it's organizing flowers, making drinks, cutting hair, walking dogs, offering tours, or doing makeup, there are countless occupations nowadays that require people to first seek permission before they can start to serve their community.

These licensing schemes keep prices high and quality low, they do little to improve services.

One recent study that was conducted by the Institute for Justice suggests that in North Carolina alone, occupational licensing could be keeping at least 40,000 jobs out of the market.

The study results also suggested that the licensing could be contributing to millions in economic losses.

For the country overall, it's estimated that lost economic value as a result of these rules, surpasses $6 billion on the conservative side. However, it could be somewhere more in the range of $180 billion in lost value.

When there are fewer competitors in the market, those who are providing the services, who hold licenses, are able to charge more for their services. The occupational licensing rules help them to carve out and maintain a monopoly. That isn't good for the people, if they are looking for quality and reasonable cost.

Food truck vendors, hair braiding stylists, florists, and other entrepreneurs, have had to fight for their rights to serve and try to earn an honest living. It's a shame to see that the government has done so much to try and keep people from attempting to better their lives.

Pics:
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