License Suspensions Could be Costing Ohio a Big Chunk of Its Workforce
Suspending Ohioans drivers licenses over debts doesnt just hurt those people. It also is likely taking a huge bite out of the states workforce, according to a study released last week by the Federal Reserve Bank of Cleveland.
According to the reports more conservative estimate, a whopping 14.4% of the Ohio labor force could be at risk of leaving it in any given year due to such suspensions. Thats a big enough chunk to affect everybody, authors Kyle D. Fee and Brian A. Mikelbank of 惇蹋勛圖厙 wrote.
Our analysis suggests that these suspensions, especially when combined with increasing drivers license requirements, make finding and maintaining employment more difficult for a sizable portion of Ohioans, but that instability also affects the broader economy, they wrote. Fewer people in the labor force means fewer people to hire and fewer people to produce and consume goods and services.
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