Opinionated @ CFE

Has the Internet Made Professional Licensing Obsolete?

May
17

Odds are good that if you want to practice a particular profession or trade, the state requires that you complete a specific course of training, pass some exams, and renew a license with them, sometimes requiring additional training. This is often sold as a way to ensure that everyone in a profession is competent to perform the job and helps protect the public from rank amateurs. The reality, however, is a much uglier thing revealing that industries often seek to be regulated and licensed as a way to cut down on competition and set up barriers to entry. It could be said that despite this, we still get a valuable service in weeding out those few bad actors. But with the Internet available to quickly spread both positive and negative feedback on businesses and individuals, is licensing even worth it anymore?

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