In a traditional economy, you get paid to work. But with millions of graduating students desperate for work experience, that model is being turned on its head. Now, desperate parents in the U.S. are forking out big bucks to buy the perfect internship for their kids. In other words, they’re paying potential employers to let their kids work for them. Thousands of high-profile internships are being auctioned off to the highest bidder on web sites such as CharityFolks.com, reports the Wall Street Journal, and parents are paying as much as $12,000 for the right work experience opportunity. Some employers admit they’re even creating additional internship opportunities as a way to raise cash. Just another reminder that, in good times or bad, if your parents have cash, you’ve got yourself a head start.
It’s come to this: You want a job? You pay us
Desperate parents are forking out big bucks to buy internship for their kids
FILED UNDER: Business