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Ep13 “Does Regulation Help or Hurt Consumers?” with Maureen Ohlhausen

All Else Equal: Making Better Decisions

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How Does It Work in the Total Labor Market for Skilled Labor?

Marine Allhausen: It takes a very long time for skilled doctors to get into the market. So it means that for a very long period of time, consumers are worse off before they become better off. But where exactly is this skilled labor coming from? And so we also need skilled engineers and we also need tons of all the skilled professions. We've seen an explosion in the number of professions that need a license.

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