Young and unemployed? Remote work, not AI, may be the problem, study finds

A study by the Federal Reserve Bank of New York found that remote work, not AI, is a key driver of higher unemployment rates for young college graduates. Businesses are less likely to hire inexperienced workers for remote jobs due to challenges in training and mentorship, leading to a 1 percentage point increase in unemployment for young graduates in 'remotable' occupations since 2017-2019.