Why Work?

(1) Despite not much slack in labor market, wage inflation likely to remain subdued. (2) A depressing trend: Men without work. (3) Baby Boomers are no longer “prime.” (4) Lots of prime-working-age male dropouts are disabled, ill, and/or on pain meds. (5) Government welfare programs providing incentive not to work. (6) As the proverb states: “Idle hands are the devil's workshop.” (7) Powell’s justification for gradual tightening: He is hoping more adult men drop back into labor force. (8) No 9-5 jobs for them: Wi-Fi allows Millennials to combine less work with more play. (9) Movie review: “Mission: Impossible—Fallout” (+).