Amanda Pallais
Professor of economics, Harvard University
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Remote Work Leaves Younger Workers Sidelined
In a New York Fed blog post, Natalia Emanuel, Emma Harrington and Amanda Pallais argue that remote work, more than generative AI, explains the rise in unemployment among young college graduates. They estimate it accounts for 64% of the increase from 2017-19 to 2022-24, drawing on survey data and one company's records, and say AI may matter more later.