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 the rise of remote work since the pandemic has increased unemployment rates for young college graduates in 'remotable' jobs, such as software development, compared to older workers. The study attributes this to businesses' reluctance to hire inexperienced workers for remote roles due to challenges in training and mentoring, with remote work accounting for two-thirds of the rise in youth unemployment. AI's impact on youth unemployment was found to be minimal.