Niall Ferguson, Columnist

Employers Are Hiring. Why Are So Many Workers Holding Back?

The U.S. labor market is caught between a pandemic that isn’t quite over and an inflation surge that’s gathering steam.

November 21, 2021 at 1:00 PM UTC

Niall Ferguson is the Milbank Family Senior Fellow at the Hoover Institution at Stanford University and the author, most recently, of “Doom: The Politics of Catastrophe.” He is a columnist for The Free Press.

Inflationary?
Photographer: Chip Somodevilla/Getty Images

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The pandemic is over. The pandemic is not over.

The transition from the pandemic to the endemic phase of Covid-19 is rife with uncertainty and confusion. This is why the world economy, and particularly the U.S. labor market, look so weird right now.