License Suspensions Could be Costing Ohio a Big Chunk of Its Workforce
Suspending Ohioansā driversā licenses over debts doesnāt just hurt those people. It also is likely taking a huge bite out of the stateās workforce, according to a study released last week by the Federal Reserve Bank of Cleveland.
According to the reportās 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. Thatās a big enough chunk to affect everybody, authors Kyle D. Fee and Brian A. Mikelbank of 51ĀŅĀ× wrote.
āOur analysis suggests that these suspensions, especially when combined with increasing driverās license requirements, make finding and maintaining employment more difficult for a sizable portion of Ohioans, but that instability also affects the broader economy,ā they wrote. āFewer people in the labor force means fewer people to hire and fewer people to produce and consume goods and services.ā
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