Part 8/11:
Opening the market to licensed professionals is beneficial, but only when supply meets demand. By restricting installation work to a small pool of master plumbers, the city risks creating an artificial scarcity. This scarcity grants those licensed the power to set disproportionately high prices.
Many argue that installing basic gas appliances is within the skill set of general contractors, licensed electricians, or even trained homeowners with proper permits. The current restrictions seem unnecessary for such simple tasks and appear to serve as a means for unions and licensed plumbers to wield greater control over the market.
The Future of NYC Housing and Regulations
If passed, Intro 429 will likely lead to: