![]() ![]() But there can be barriers to enter certain industries, including in low- and medium-skilled jobs that range from health positions to hair stylists and those in agriculture. There are cost-benefits to licensing, as they on average lead to higher wages. ![]() Tuition and fees for cosmetology training are high, but less than a third of students graduate on time and they earn an average of only $26,000 a year across the U.S, according to a report released last week by the Institute for Justice, a libertarian nonprofit that opposes government regulation.Ĭosmetology is just one example of a highly licensed industry comprising lower-income workers that could be affected if the Federal Trade Commission tamps down on occupational licensing, a largely bipartisan issue that President Joe Biden targeted in a July 9 executive order. “I would just want people to know getting into this to do their homework to avoid being taken advantage of.” “I wanted to make people feel good and help them with their skin,” said Scheller, who is training in Salt Lake City with the intention of working in a medical spa for treatments such as facials, waxing, and microblading. She feels like it was easy to fall into the trap and build debt for little payoff. ![]() She started a new school-and had to pay through loans for tuition but all her credits wouldn’t transfer- with the hope of finishing by early next year, all to earn a license for her dream job. Her tuition-which she paid with loans and financial aid- was $16,000 in total and she’s still on the hook for $5,000 plus interest. ![]() Elle Scheller was a year into her 1,200-hour training to be a master esthetician before she said poor instruction and costly fees piled up. ![]()
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