Natalia Emanuel

The New York Federal Reserve attributes a 20% rise in youth unemployment since the pandemic to remote work, which hinders mentorship and training for new employees. A study of software developers found remote work reduced feedback and mentorship for junior workers, lowering work quality even as productivity metrics remained stable.

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.

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.

A study by the Federal Reserve Bank of New York found that remote work, not AI, is the primary driver of higher unemployment rates for young college graduates. Businesses are less likely to hire inexperienced workers for remote roles due to challenges in training and mentoring them, while older workers in these roles face lower unemployment. The study also noted minimal impact of AI on youth unemployment.