Occupational licensing
A) functions essentially the same as inclusive unionism.
B) attracts large numbers of workers and therefore depresses wages.
C) often restricts occupational entry and raises the incomes of license holders.
D) has been declared illegal in the majority of states.

Question

Quizplus · Accepted Answer

Occupational licensing often restricts entry into certain occupations, making it more difficult for competitors to enter the market. As a result, it creates scarcity of available labor, increasing the value of those who hold the license and leading to higher incomes for them.

Occupational Licensing