In 2022 and 2023, states including Pennsylvania, Utah, and Maryland removed their requirement that those applying for some state government jobs have college degrees. In the case of Pennsylvania, 92 percent of state jobs no longer require a college degree. If dropping the requirement to hold a college degree when applying for a government job spreads to most states and to the federal government, what effect would this change likely have on the rate at which new businesses are formed? Briefly explain.