AI is getting too much of the blame for graduate hiring prospects, and there could be a job perk that is actually behind…
- Remote work could account for around two-thirds of the increase in unemployment
- Young graduates need more in-person time to learn and pick up vital skills
- AI's impacts might continue to be felt as entry-level roles disappear
New data has revealed that artificial intelligence alone might not be responsible for a rise in youth unemployment. While it may account for some job losses, the Federal Reserve Bank of New York said that hybrid working could also be to blame.
According to the data, remote work could explain around two-thirds (64%) of the increase in unemployment among college graduates.
It seems that unemployment actually started rising post-pandemic, preceding the AI boom.
Is remote work to blame for rising unemployment?
Between 2017 and 2022, the data shows that college graduate unemployment for those aged under 29 rose from 3.1% to 3.7% – a 20% increase. While older workers haven't quite seen the same...
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