A state agency has recently removed the certification and training requirements for hairdressers in the state. What is likely to happen in the labor market for hairdressers?
A. The wages paid to hairdressers will fall.
B. The demand for hairdressers will rise.
C. The wages paid to hairdressers will rise.
D. The demand for hairdressers will fall.
D. The demand for hairdressers will fall.
Removing the certification and training requirements for hairdressers would likely lead to an increase in the number of individuals entering the profession. This higher level of competition would then lead to a decrease in the demand for hairdressers, as there would be more individuals available to fill the jobs. Consequently, the wages paid to hairdressers would likely decrease due to the increased supply of workers.