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There’s a parallel with unpaid internships at elite institutions. Who can afford an unpaid internship?
by markstos 4y ago
There’s a parallel with unpaid internships at elite institutions. Who can afford an unpaid internship?
- bredren 4y agoThis has been discussed in startupland as well. The idea being: founders often come from fairly wealthy circumstances or support structures. That way, if they fail they can be rescued (~can still move in with mom or dad). And thus, the wealthy are most at liberty to take risks offering potentially outsized returns without paying the price others might.
- yellowapple 4y agoThis is a key reason why I strongly believe that UBI would be a massive boon to entrepreneurship. If everyone had that sort of safety net, we'd see a lot more startups and a lot more upward socioeconomic mobility.