Comments on: The economics of internships Thu, 08 Nov 2012 14:58:41 +0000 hourly 1 By: elovejoy925 Fri, 18 Feb 2011 06:19:10 +0000 I’m from a lower income background and I have already done one internship and already have one lined up for next summer. They were financially taxing, absolutely, especially when I was commuting into a city. Basically, I worked 4 days a week at my internship and as many hours as I could get at my part time job, often hopping off the train in the evening and going right to work. It’s not easy and I often got a bit resentful of the interns who didn’t have to work and would go out for expensive lunches/dinners/drinks after or during work, but when it came down to it, I made amazing connections.

I want to work in legislative government so when push comes to shove, an internship is a necessity for that field. It can be done if you are lower income, it’s just harder.

By: acastillo Thu, 17 Feb 2011 23:00:20 +0000 Although this article is titled “The Economics of Internships,” I found it to be surprisingly bereft of anything that could be called “economics”. This author seems to be oblivious to the knowledge that the increase in non-paying internships is a result of wage controls. This amateurish oversight is painfully noticeable in the author’s proposed solution: “regulation” of the internship market.

Like all scientific laws, the laws of supply and demand simply cannot be wished away – regardless of how earnestly this author misrepresents the basic causal mechanisms that are relevant to this economic analysis.

By: c86 Thu, 17 Feb 2011 21:22:55 +0000 It’s not just a problem for college students. When I graduated, I applied for a paid internship with a well-known PR firm. While I was midway through the interview process, they informed me they were changing the internship program to unpaid. I withdrew my application.
I’m certain what they were doing was illegal. I was not a student; I had a degree and some level of experience from past internships. But I’m sure many graduates took on the internship because it was a big name, despite being totally exploited.

By: mp817 Thu, 17 Feb 2011 20:30:36 +0000 Excellent reporting and ideas. I’m a child of an upper-middle class family and I worked this summer for next to nothing. I worked from the time I came home from college until a week before I had to go back home. I made less than a $1000 and launched five different websites, data, blogs, and Twitter accounts. In addition, I had to also coordinate gift bags and press packets as well as additional work employees pushed on me. The best part? There were four other interns and they weren’t paid. Imagine my discomfort when I found out they were getting no compensation (credits OR money) and I was! So embarrassing. The internship director at my college removed the company from our school database and pressed all of us (who happened to be from the same school) to sue our company for wages and abuse. None of us pursued charges (because the company was going down the tubes and literally barely functioned this summer). I guess it was a good opportunity to learn to research internships more and not just take something that seems interesting for face-value.

By: rzeligzon Thu, 17 Feb 2011 20:24:03 +0000 It’s unfortunate that most internships do not pay, which gives the lower class student a substantial disadvantage.

I experience these issues personally while in college. The reason I never did internships were specifically for the reasons you had mentioned.

The upside to my situation was that my resume was stacked with job experience that not only included summer months , but also included my college years.
The downside, most of the jobs I held were not your “corporate” level positions that were as targeted within my major.
Be unconventional, think outside of the box, get your name out in other way, because at the end of the day everyone is partaking in internships except you. This already sets you apart from the rest. Ambition and hunger will get you further in life than a handful of internships. Just my thoughts.