(Last Word) Regardless of the motives or public benefits of occupational licensing, the primary effect it has on labor markets is to

Question

Quizplus · Accepted Answer

Occupational licensing limits or reduces the supply of labor in an industry by creating barriers to entry for potential workers who do not meet the licensing requirements. This restriction on the available pool of workers can lead to higher wages and prices for consumers in the industry, but it can also limit opportunities for potential workers and create inefficiencies.

(Last Word) Regardless of the Motives or Public Benefits of Occupational