The labor market remains incredibly tight in the U.S. which usually means fewer people are working. In this case, though, it’s mostly that workers are choosing to work fewer hours. Specifically, higher-earning men have chosen to cut back their hours worked perhaps because the pandemic made them reassess their priorities. That could signal a wider trend toward better work-life balance as more and more workers adjust their work lives to make a similar decision.
Over the past year, the Federal Reserve has rapidly increased interest rates to bring inflation under…
