Much Expected

7 05 2012

CNBC:

With Jobs Few, Internships Lure More Graduates to Unpaid Work

Confronting the worst job market in decades, many college graduates who expected to land paid jobs are turning to unpaid internships to try to get a foot in an employer’s door.

While unpaid postcollege internships have long existed in the film and nonprofit worlds, they have recently spread to fashion houses, book and magazine publishers, marketing companies, public relations firms, art galleries, talent agencies — even to some law firms.

Although many internships provide valuable experience, some unpaid interns complain that they do menial work and learn little, raising questions about whether these positions violate federal rules governing such programs.

Unless something is done about this, we’re on a vicious cycle — The more young adults that take unpaid internships for longer periods of time, the more that the employer class will expect this of the next crop of young adults and college grads.

What’s driving down the salary scales in these professions?  You guessed it, H-xB.

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