Occupational licensing is a form of regulation that requires a person to register with the government, achieve training, pay fees, and often complete an exam before being allowed to perform a job or vocation. The intended goal of occupational licensing is to ensure public health and safety by mandating quality in a profession.
However, the reality is that individuals in an industry with a license use licensing requirements to limit and prevent competition so more money is in their pockets at the expense of consumers and potential entrants.
Read this about the cost of occupational licensing, this about harbor pilots monopoly, and this about solutions.
Ph.D. Economist at the Texas Public Policy Foundation. Blog posts are publications by the author.