Meg-econ article

Meg-econ article - Megan Timm Article 2 On March 2 2006 the...

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Megan Timm Article # 2 On March 2, 2006 the New York Times published an article entitled “Do You Need a License to Earn a Living? You Might Be Surprised at the Answer.” It is well known that doctors, dentists, and lawyers must be licensed to practice but what about manicurists, barbers or beekeepers states Alan B. Krueger, author of the Economic Scene. The article states professional licensing has gone too far and there has become an ever changing shift from protecting consumers to limiting the supply of workers in various professions. We all know that a service provided by a licensed professional is more expensive, but apparently the quality is not noticeably affected. There has been a noticeable increase in jobs that require licensing and Professor Kleiner estimates that “20 percent of workers in 2000 were in an occupation that was covered by a state licensing requirement, up from 5 percent in the 1950’s”. So, roughly as many as 3 out of 10 workers are required to obtain a license in order to perform their job.
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