New research from the Federal Reserve Bank of New York suggests remote work, not AI, is the primary reason for increased unemployment among recent college graduates. Companies are less likely to hire young grads into remote roles due to difficulties in training and mentorship.
A Federal Reserve Bank of New York study reveals remote work is the primary driver of increased unemployment for young college graduates, as companies find it harder to train and mentor inexperienced staff remotely. The trend predates significant AI impact.
A 21-year-old's anxieties about the future, job prospects, relationships, housing, climate change, and global politics are addressed. The advice given is to confront these worries directly, finding strength and relief in collective action and engagement rather than avoidance.
College graduates are booing commencement speakers who discuss AI, fearing it threatens their job prospects. Surveys show declining Gen Z optimism about AI, with many students banned from using it in classes yet facing job descriptions requiring AI collaboration.
Apps, AI tools and shaky job prospects are pushing gen Z into markets earlier, blending caution with risk-takingAmbrico Ranginui first heard of cryptocurrencies when he was 12 years old. By the time he was 16, he had saved enough from birthday gifts and his allowance to invest.“Growing up in a single mum household, it made me quite a determined person to get ahead,” Ranginui said. “I wanted to find new avenues to make money and crypto was so fascinating at the time.” Continue reading...
As entry-level job opportunities decline due to AI and economic instability, Gen Z graduates are increasingly turning to entrepreneurship and side hustles to secure their financial futures and gain professional control.
