By Chicago City Wire |
Oct 16, 2024
Illinois' occupational licensing regulations have been linked to significant economic and employment challenges, according to a report by the Illinois Policy Institute’s Center for Poverty Solutions. The report indicates that nearly 25% of the state's workforce, approximately 1.6 million people, require licenses to work, leading to 135,000 lost jobs and $15 billion in lost economic value. These regulations are also said to exacerbate racial and income inequality.