Workers want more pay and less hours

The Truth of the matter is that more and more people don't want to work at all. They got used to all that free government money during the pandemic. And they are still crossing our border illegally for all that free stuff.

Turns out if you pay people more per hour, they don't need to work as much. Case in point: People want to work fewer hours than they did before March 2020, according to a working paper published recently by the Chicago Fed.

Why it matters: The findings suggest that the labor market is even tighter than many realize. Pay is better, especially for those at the bottom of the wage scale — and that means people aren't as desperate for more hours or a second job.

Read about it...