Sure and people thought taxi medallions were one of the strongest appreciating asset classes. I'm certain they will try but market inefficiencies typically only last if they are the most profitable scenario. Private equity is already buying up professional and trade businesses at a record pace to exploit inefficiencies caused by licensing. Dentists, vets, Urgent Care, HVAC, plumbing, pest control, etc. Engineering firms are no exception. Can a licensed engineer stamp one million AI generated plans a day? That's the person PE will find and run with that. My neighbor was a licensed HVAC contractor for 18 yrs with a 4-5 person crew. He got bought out and now has 200+ techs operating under his license. Buy some vans, make some shirts, throw up a billboard, advertise during the local news. They can hire anyone as an apprentice, 90% of the calls are change the filter, flip the breaker, check refrigerant, recommend a new unit.

for ~3 decades IT could pretend it didn't need unions because wages and opportunities were good. now the pendulum is swinging back -- maybe they do need those kinds of protections.

and professional orgs are more than just union-ish cartels, they exist to ensure standards, and enforce responsibility on their members. you do shitty unethical stuff as a lawyer and you get disbarred; doctors lose medical licenses, etc.