Posts tagged licensing boards
Economically Devastating Rent-Seeking in America’s Labor Markets
June 9, 2026 // Nowhere is rent-seeking more pervasive—or more costly—than in America’s labor markets. From compulsory unionism to occupational licensing, prevailing-wage laws, gig-worker reclassification rules, and strategic minimum-wage campaigns, concentrated interest groups (often unions and incumbent professionals) routinely use state power to extract “rents” from workers, employers, taxpayers, and consumers. These are not abstract economic theories. Rent-seeking is an everyday mechanism that distorts wages, limits opportunities, and transfers trillions of dollars every year, creating harmful economic inefficiencies penalizing employees, employers, taxpayers, and consumers. Compulsory Unionism: The Textbook Case of Labor-Market Rent-Seeking Compulsory unionism