New Mexico Launches Thorough Review of Occupational Licensing

in freedom •  4 months ago

The Governor of New Mexico, Susana Martinez, just recently signed an executive order that calls for a thorough, internal review of all occupational licensing requirements in the state.

Previous reports have sought to analyze the burdensome occupational licensing schemes across the country and they have suggested that New Mexico ranks 9th place for having some of the most burdensome laws.

If the state can reverse and do away with some of their occupational licensing requirements, then that opens the doors for people to explore new avenues of trying to make a living for themselves and their families.

When people aren't burdened with expensive, confusing, or tedious, barriers to market entry, via various occupational licensing rules, it's not only better for the individual but also for the community as well. This is because occupational licensing rules have been found to keep millions of jobs out of the market, they also arguably contribute to lower quality and higher prices for consumers because they work to reduce competition and in-turn help to protect monopolies.

Over the years, various lawsuits have been launched in an effort to fight back against occupational licensing in numerous states. And some courts have previously struck down some of these occupational licensing rules, concluding that they are unconstitutional.

If New Mexico can change some of their occupational licensing rules then that would make it easier for the people in the region to enter into the market, to pursue various entrepreneurial endeavors that they might be interested in.

The recently signed executive order in NM also affirms the notion that research has demonstrated occupational licensing schemes to effectively reduce economic mobility, innovation, and entrepreneurship. As a part of the recently signed order, licensing boards will be required to review and report on all of the requirements and rules that pertain to the certain licenses that they are in charge of administering, among having to possibly provide other additional details.

If officials in NM can reduce the occupational licensing web that exists currently in the state, then that is especially going to help low and middle income Americans. Not only that, but it's going to benefit consumers overall by helping to foster an environment that encourages the pursuit of further innovation and better services etc, without rigid restrictions to first get through.

By working to reduce the restrictive regulations that are in place, they are essentially working to provide more freedom to the people. However, we'll still have to wait and see what sort of meaningful changes (if any) they eventually come up with as a result of this recently signed order.

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Great work by Gov. Martinez. Licensure hurts the poor most of all and creates a barrier to entry to gainful employment. It also keeps prices high for consumers since licensure inhibits competition. At the end of the day, licensure helps those who are regulated, not the consumer.

Little would benefit people more than the elimination of licensing altogether.

Thanks!

Tedious rules just allow the bureaucracy to put their foot on the door of good and honest labor. In countries where occupational licensing is not a norm for mediocre level jobs, people tend to work on more than one job at a time. This is particularly helpful if the occupation is seasonal or affected by season.

Not to mention that this also allows for a more flexible work schedule for some, if they have the option of switching. Giving them more time to spend with their families.

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let's hope that these resolutions are beneficial for people
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