November 1, 2013
No, the Government Should Not Give Student Loans for Unpaid Internships

Edward Glaeser is a respected Harvard economist whose latest column I can only interpret as an attempt to taunt every cash-strapped twenty-something in the United States. 

Glaeser is worried that a barrage of lawsuits is about force companies to shut down their unpaid internship programs, just as Condè Nast did last week. This would be a great loss, he says, because recent college grads don’t have the skills employers are looking for. At the same time, he acknowledges that requiring young adults to work for free in order to get basic career experience might give the rich an unfair advantage.

So he’s come up with a fix: student loans for internships. 
If you’re a broke 23-year-old,the concept of taking out debt for an unpaid internship probably sounds something like the two-headed hell-hound of your financial nightmares.
Read more. [Image: Reuters]

No, the Government Should Not Give Student Loans for Unpaid Internships

Edward Glaeser is a respected Harvard economist whose latest column I can only interpret as an attempt to taunt every cash-strapped twenty-something in the United States. 

Glaeser is worried that a barrage of lawsuits is about force companies to shut down their unpaid internship programs, just as Condè Nast did last week. This would be a great loss, he says, because recent college grads don’t have the skills employers are looking for. At the same time, he acknowledges that requiring young adults to work for free in order to get basic career experience might give the rich an unfair advantage.

So he’s come up with a fix: student loans for internships. 

If you’re a broke 23-year-old,the concept of taking out debt for an unpaid internship probably sounds something like the two-headed hell-hound of your financial nightmares.

Read more. [Image: Reuters]

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  13. thelonelyskeptic reblogged this from sickly--summertime and added:
    Student loans and unpaid internships? Two great tastes that taste great toget OH GOD OH GOD WHY WHY DOES IT TASTE SO...
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  15. tattooedlittlemiss reblogged this from reagan-was-a-horrible-president and added:
    Bullshit. Bullshitbullshitbullshit. In what world do these people live that 18-25 year olds don’t need to eat? Probably...
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  20. paradoxy-intent reblogged this from sickly--summertime and added:
    This sincerely pisses me off. As someone who has to go to an internship soon, I don’t want to have to take out MORE...
  21. mini-wrants reblogged this from reagan-was-a-horrible-president and added:
    Taking out loans for unpaid internships. You know what? What about instead of paying us, employers just give us a new...
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