Many young college graduates faced with ‘culture of internships’


Makes you wonder if it has something to do with the major they selected…

Cost of College

There was a time not long ago when internships were reserved for college students. But that era is passing, with loosely defined internships — some paying a small stipend, some nothing — replacing traditional entry-level jobs for many fresh out of college.

The moribund economy is, without question, a primary factor behind the shift. Even though the employment picture has brightened since the depths of the Great Recession, few would describe it as sunny. The general unemployment rate inched down to 6.6 percent last month, but the jobless rate for college graduates age 20 to 24 stood at 8 percent in 2013, compared with 5.1 percent in 2007, according to the Bureau of Labor Statistics.

Actual measurements are lacking, but with recent college graduates suffering the worst unemployment rates in 50 years I don’t doubt this trend is real.

No one tracks how many college graduates take internships, but employment…

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