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Have you ever actually hired an intern? I've literally never seen a company make a net profit on interns. Talk to people running intern programs: it's explicit
by morgante 11y ago
Have you ever actually hired an intern?
I've literally never seen a company make a net profit on interns. Talk to people running intern programs: it's explicitly seen as a hiring funnel for full-time, not as an end of itself.
> A class action lawsuit by tech employees broke the cartel.
The lawsuit came after the cartel had already stopped functioning. Facebook refused to play ball and started recruiting aggressively from the other companies (particularly Google), directly undermining the wage-fixing.
- enraged_camel 11y agoYou should work at a law firm sometime. Interns are very, very profitable for them, because they work insane hours and do everything they are told without question.
- morgante 11y agoI should have been clear that I only meant for the tech industry. Other industries (law, finance, fashion, media, etc.) heavily exploit interns to profit off their desperation.
- crdoconnor 11y agoThe tech industry isn't that different. The only reason kids get a not-horrible salary interning at Google and jack shit at Marie Claire is because of the prevailing industry salaries. (which is something the tech titans are trying to "fix")