Matthew Yglesias has been defending unpaid internships with a lesser-evil argument: they're better than pricey grad school. Specifically, Columbia's journalism grad program, which doesn't come cheap.
I know a bit about about NYU's journalism grad program, which doubtless also doesn't come cheap (although there are scholarships, as there probably are at Columbia), because my own program overlaps with theirs. (French Studies, in its various permutations.) And... journalism grad students also do unpaid internships. Quite possibly the for-course-credit kind.
And this is how it tends to work. Unpaid internships don't replace the need for extra education. Finding them in the first place - getting an in, figuring out which are legit, even knowing to look for them - often requires that you be a student. Maybe in an ideal world (more on that in a moment) an apprenticeship system would make it easier to go less-credentialed, but that's not what happens.
But would this be such an ideal world? School is not work, and paying to go to school is different in several ways from paying to go to work. (Which is what working for free means, all the more so if "free" is happening in a city like New York. Grad school with a stipend that allows you to break even at best might count as "free.")
1) If you pay to work, you're paying to increase a company's profits. Your work, then, however much it may incidentally benefit you (the much-vaunted learning experience), is selected according to what the company needs. Whereas if you pay to go to school, a) the company you're paying is (FWIW) a non-profit, and b) the work you're doing has been chosen according to how much it will benefit you.
2) Degrees are transferrable in a way that work experience is not. That's one reason work needs to pay - because all you take from a given stint might well be the pay. Once you have "MA" affixed to your name, this... may count against you at the Starbucks you're applying to work at, may be in a not-so-lucrative subject area, etc., etc., but it's there. Whereas a line on your resume might mean absolutely nothing more than that you filled your time. I say "filled your time" and not "were employed" because my understanding of this is that time spent unpaid-interning is not necessarily (not usually?) considered time spent employed.
3) If work doesn't always pay, if that isn't just what work is, who's to say when it does pay? After how many weeks, months, years of a position does it begin to offer a paycheck? After how many weeks, months, years in an industry can a "worker" start demanding compensation? Not to get all "Girls" on you, but it's clear enough where this can lead. You can work somewhere for free for ages, but if you're starting from zero pay, negotiating up to even minimum wage can seem a lost cause. It becomes that a worker who demands pay is entitled. It becomes something above-and-beyond to expect from one's employer. (And who's likely not to want to make a fuss? Women. Also those of both sexes not raised to expect to triumph professionally.)
"[O]pportunities to work for free"
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