Nick Martell

The revelation that remote workers have higher unemployment rate than in-person workers, it's only true for young workers.

That's right.

Older workers in remotable jobs, they did not have a higher unemployment rate.

It was basically the same situation for them.

And the Fed thinks that one word explains why work from home hurts young workers, but not older workers.

Yeah, it's one word.

Training.

Training and mentorship.

The Fed hypothesizes that big companies don't want to hire a kid fresh out of college for a remote job.

Because you can't train that 22-year-old through Zoom like you can if they're right there with you in the office.

And the kid can't casually grab a cappuccino to pick your brain for an hour during that lunch break like we all did.

Jack, why don't you tell the Yetis what the Fed said specifically about this phenomenon?

We show that when people work next to their colleagues physically, they receive more feedback on their output and more mentorship.

And when they are separated, even by a short distance, that feedback tapers off dramatically.

And so do the coffee chats.

It was a write-off, Jack.

So Jack, what's the takeaway for our buddies worried about AI?

To get fed, you have to be hungry.

And to be hungry, you got to be at the table.

Yetis, our advice to young college grads right now, go to the city or commute into work.