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 Originally Posted by wufwugy
Most voluntary markets are competitive enough, it may be that all are. In these markets, unpaid internships would not replace paying jobs.
Here's a way of looking at it.
You're job searching. You get turned down from an entry-level position you applied because your qualifications are close but not quite what the firm wants. Well, some of these qualifications the firm wants are because the firm has to pay a certain amount. If they could pay less, some of those qualifications would go away. And then you, or some others, would get interviews/jobs that literally would not have existed otherwise. Then, after a month or two of you proving yourself, your pay would raise to the level that the "higher qualifications" hiring was going to pay.
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