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621. Is Professional Licensing a Racket?

Freakonomics Radio

CHAPTER

The Licensing Conundrum

This chapter examines the intricate issues surrounding professional licensing in the U.S., critiquing the barriers it creates and its effects on various sectors, including healthcare and social equity. It highlights the challenges faced by marginalized groups and the ironic advantages gained by others through licensing requirements, revealing how these standards can exacerbate economic issues. The conversation further explores the implications of overly stringent regulations, particularly in light of the COVID-19 pandemic, and questions the effectiveness of licensing in ensuring public safety and accessibility to services.

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