The Council of Economic Advisers (CEA) recently released its annual report in conjunction with President Trump’s Economic Report. In the joint document, the CEA discussed everything from wages and consumer spending to regulatory reform and economic growth. While spending a good deal of time boasting about the current state of the economy under the Trump administration, it also highlighted a very important and often significantly under-discussed challenge facing a growing number of Americans: overly burdensome occupational licensing.
Every year, the CEA releases this report for the purpose of providing the public with an overview of the present state of the U.S. economy and an analysis of the administration’s policies going forward. Being an agency within the Executive Office of the President, the CEA typically uses a significant amount of the report to brag about how well the economy is doing under the current administration. However, it also provides key insights regarding the administration’s priorities and where it plans on focusing its resources in the coming years.
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