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Barriers to entry for individuals into the job market

Examples of barriers restricting individuals from entering a job market
include educational <http://en.wikipedia.org/wiki/Education> , licensing
<http://en.wikipedia.org/wiki/License> , or quota
<http://en.wikipedia.org/wiki/Quota_Share>  limits on the number of
people who can enter a certain profession such as that of lawyer
<http://en.wikipedia.org/wiki/Lawyer> , and educational, licensing
<http://en.wikipedia.org/wiki/License> , and experiential requirements
for people who wish to be neurosurgeons
<http://en.wikipedia.org/wiki/Neurosurgeon> .
Whilst both types of barriers to entry attempt to guarantee that people
entering those fields are suitably qualified, the barriers to entry also
reduce competition. This has the effect of facilitating premium pricing
for the services of regulated professions. That is, if just anyone could
enter these fields, the income of the incumbents would be expected to be
lower.
 
 
 
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