Today at the FEE (Foundation for Economic Education), Zachary Slayback has an excellent overview of the decline in entrepreneurship among those under 30 since the late 1980s. He writes,
Between local, state, and federal regulations placed on everything from who is allowed to braid hair to who can tell you what color to paint a wall and where to place a door and a schooling culture and system that encourages young people to waste away the first 22-30 years of their lives away from the market, the systems placed upon young people today create a climate extremely hostile to entrepreneurship and economic growth.
Regarding barriers to entry (like our egregious state occupational licensing laws), I presented a paper in April at the APEE (Association of Private Enterprise Education) annual conference in Las Vegas on the subject, offering a theological and moral analysis. Particularly relevant to Slayback’s detailed post, I wrote, (more…)