Word: unpaid
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...Unpaid internships have long been a mainstay for students who get academic credit in lieu of a paycheck. But in the Great Recession, with the unemployment rate hovering near 10%, job-search sites like CareerBuilder and Monster.com are reporting increases in the number of postings for internships. And more and more college graduates and even middle-aged professionals are willing to work for free in hopes that it will help them land a paying gig. (See 10 perfect jobs for the recession - and after...
Companies are often eager for the extra set of hands. Michael Schmidt, an employment attorney in New York City, has seen an uptick in recent months in private employers calling him to find out if they can bring in unpaid interns as a way to cut costs. His answer: volunteering at for-profit companies is, legally, a no-no. The U.S. Department of Labor (DOL) has spelled out several criteria with the goal of ensuring that internships not only provide real training but also can't be used by companies to displace regular employees. (See 10 ways your job will...
...employers were to heed the Obama administration’s wishes and honor the existing laws nominally banning unpaid internships, the number of opportunities available to students would dramatically decrease. Unpaid jobs would not suddenly change into paid ones; especially in this economy, the jobs would just go away. There is a reason why small companies with little capital are more likely to offer unpaid internships than the capital-laden behemoths of Wall Street...
Some opponents of unpaid internships argue that only non-profit companies should be allowed to hire interns, since they theoretically do not benefit economically from their interns’ labor. While many non-profits contribute admirably to the public good, this proposal is needlessly biased against those with interests outside of the non-profit sphere. The fact that an organization may profit from its services does not make it exploitative and evil. Doctors, for example, often practice for profit...
...simply not the business of the government to cast normative judgments on different kinds of internships, be they profit versus non-profit or paid versus unpaid. Enforcing the ban on these internships, would even the playing field, but it would do so by reducing opportunity for all. Equality need not be bought at the expense of opportunity...