Remote work - not AI - is killing job prospects for the youth
The Register • • business
Key Points:
- The New York Federal Reserve reports that the rise in youth unemployment since the pandemic is largely due to the increase in remote work, not AI, as remote setups hinder managers' ability to train and mentor less-experienced workers.
- Youth unemployment has increased by 20% since COVID-19, with 64% of that rise attributed directly to remote work, while AI's impact remains minimal for now.
- Research focusing on software developers found that while remote junior employees may produce more work, the quality declines due to reduced feedback and mentorship compared to in-office settings.
- Similar effects were observed in customer service roles, where remote work led to longer resolution times and decreased work quality, further complicating young workers' development and career prospects.
- The Fed suggests companies prefer reserving remote positions for experienced staff and recommends requiring younger employees to spend time in-office to benefit from direct interaction and training opportunities.