A recent study by the New York Federal Reserve has shed light on a concerning trend: remote work is exacerbating youth unemployment. The research suggests that the shift to remote work, accelerated by the COVID-19 pandemic, has reduced job opportunities for young people, particularly in industries that require face-to-face interactions. As companies continue to adopt flexible work arrangements, many entry-level positions are being eliminated or converted to remote roles, leaving young job seekers without the chance to gain valuable in-person work experience. The findings have significant implications for the future of work and the prospects of the next generation of workers.
Remote work is worsening youth unemployment, New York Fed finds CNBC
