Here's One Fix From the Obama Administration to Make Life Cheaper

Fixing stringent licensing requirements could boost labor-force participation and help lower prices
Photographer: Getty Images

You probably want the surgeon operating on you or the electrician doing the wiring in your house to have some kind of a professional license, showing they've been trained in what they're doing. But how about an auctioneer or a taxi driver? Many customers feel comfortable using Uber to get from place to place, even though the company doesn't require its drivers in cities other than New York to have taxi credentials.

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