Opportunity Costs: The True Price of Internships

Abstract

Every summer, thousands of interns descend on New York City in order to work for nothing. They flow into empty dorm rooms or onto friends’ sofas to sleep, burrow unnoticed into illegal sublets and surf couches longterm. At work, they occupy desks and offices recently vacated by laid-offs. They file papers, get coffee, and try to make themselves noticed, but not too much so. No one knows how many of these interns there are, partly because much of their unsalaried work is illegal and therefore covert. Interns as a whole are having a cultural moment: the intern appears on television and in gossip magazines; there are celebrity interns and luxury internships for sale. MTV’s reality show The Hills took as its premise that young, beach-blond Angelenos were sick of tanning by the ocean—they wanted internships instead. Kanye West, whose earnings as of May 2012 were $35 million a year, recently completed an internship at the Italian luxury fashion house of Fendi. But the intern’s overall place in the workforce is largely unclear. Legally obscure and professionally meek, interns are difficult to classify because their position requires invisibility. One of the intern’s great skills is not to cause a fuss, not to raise any trouble.