Young and Unemployed? Remote Work, Not AI, May Be the Problem: Study
Researchers estimate remote work explains 64% of the rise in unemployment for college graduates under 29, while finding little evidence generative AI is the cause.
- The New York Fed released a study on Monday finding that remote work is the key driver of higher unemployment for young college graduates, accounting for nearly two-thirds of the increase in joblessness.
- Natalia Emanuel, a New York Fed research economist, and colleagues noted that employers are hesitant to hire inexperienced workers for remote teams because teaching requisite skills from afar is difficult.
- Unemployment for college graduates under 29 has risen 20 percent since the pandemic, with rates in remote-capable jobs increasing by about 1 percentage point between 2017 and 2024.
- Meanwhile, the jobless rate for workers 29 and older declined, and data from an unnamed Fortune 500 tech company mirrored broader trends, showing fewer inexperienced hires when offices were closed.
- Although public concern links youth joblessness to tools like ChatGPT, researchers found little evidence that artificial intelligence is the primary cause, confirming the trend predates generative AI's widespread use.
12 Articles
12 Articles
Queen City News
Young and unemployed? Remote work, not AI, may be the problem: Study
The study lands amid widespread concern over the employment prospects of college graduates as artificial intelligence makes inroads into a variety of white-collar jobs, including finance, law, entertainment, and media.
Blame this, not AI, for rising unemployment among young college graduates, study says
Despite persistent fears that artificial intelligence would take away more and more jobs, that may not be the reason a rising number of young college graduates are having trouble finding work.
The Philadelphia Tribune
Los Angeles TimesYoung and unemployed? Remote work, not AI, may be the problem
WASHINGTON — The rise of remote work since the pandemic has made businesses more reluctant to hire young, inexperienced workers and is the key driver of higher unemployment rates for recent college graduates, a study released Monday has found.
Graduates: entering the profession is as difficult as never before. New technologies are often mentioned as the reason for this. In fact, the effects of the pandemic could still be felt. read more on t3n.de
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