Important context I'm a Nigerian in Nigeria Actually with entry level jobs now require increasing years of experience the companies don't have to be one of the top ones. Poor students that want to improve their CVs have no choice but to work for free. I'm a computer science student 400 level (so currently on IT) and we had a workshop in school recently where our lecturers and invited industry specialist encouraged us to work for free cause they did for a while.... The bar is so low that many of us students just want to be paid enough to cover our transportation expenses
My opinion is that regardlesss of the socioeconomic implications of unpaid internships, they often serve those who do them because you need experience to get an entry level job. Is it messed up? Yeah, but you gotta play the game.
Maybe a co-op between universities and a public private partnership. A centrally located building that is for student inters. With food and amenities. If students are not going to get paid a living wage to work, then they need to be accommodated in housing and food and amenities...
@@Robert_McGarry_Poems I completely agree with this. It should be expected for universities to provide co-ops for their students. It would make college so much more worth it ...
@@closetotheedge8859 if you were already lined up for that as a result of your degree thats fine, at that point its just another hoop you have to jump through that employers have put there. theres no reason to seek out an internship just for experience's sake though
If making money matters, that part is on you. But if saving the money you make is important, so that it can work for you... that is actually the easier part. If that is, you can turn your monkey brain off long enough to do the thing. Long-term stable yield bonds with prime ratings, usually government. Probably like 50% of whatever you are saving. Diversify in dividend ETFs and preferably put it into a good matching type fund, like an IRA or 401k. Put money into the account at specified times. Don't purchase until there is a dip. Buy the dip. Like 30%... and like 20% into a stable savings account that will give you liquidity and interest.
More than half of Americans are living hand to mouth with less than $400 in savings. It’s not a bug, it’s a feature to benefit huge corporations and their owners.
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Important context I'm a Nigerian in Nigeria
Actually with entry level jobs now require increasing years of experience the companies don't have to be one of the top ones. Poor students that want to improve their CVs have no choice but to work for free.
I'm a computer science student 400 level (so currently on IT) and we had a workshop in school recently where our lecturers and invited industry specialist encouraged us to work for free cause they did for a while....
The bar is so low that many of us students just want to be paid enough to cover our transportation expenses
My opinion is that regardlesss of the socioeconomic implications of unpaid internships, they often serve those who do them because you need experience to get an entry level job. Is it messed up? Yeah, but you gotta play the game.
Maybe a co-op between universities and a public private partnership. A centrally located building that is for student inters. With food and amenities. If students are not going to get paid a living wage to work, then they need to be accommodated in housing and food and amenities...
@@Robert_McGarry_Poems I completely agree with this. It should be expected for universities to provide co-ops for their students. It would make college so much more worth it ...
If you need unpaid experience, do something that benefits you, not just an employer. Volunteer or do home labs, dont seek out an internship.
@@AndrasSulaiman speaking as someone who has done and internship and got a full-time offer for a job right out of college it definitely benefited me.
@@closetotheedge8859 if you were already lined up for that as a result of your degree thats fine, at that point its just another hoop you have to jump through that employers have put there. theres no reason to seek out an internship just for experience's sake though
Goldman sachs does pay its interns
If making money matters, that part is on you. But if saving the money you make is important, so that it can work for you... that is actually the easier part. If that is, you can turn your monkey brain off long enough to do the thing. Long-term stable yield bonds with prime ratings, usually government. Probably like 50% of whatever you are saving. Diversify in dividend ETFs and preferably put it into a good matching type fund, like an IRA or 401k. Put money into the account at specified times. Don't purchase until there is a dip. Buy the dip. Like 30%... and like 20% into a stable savings account that will give you liquidity and interest.
Don't touch!!!! That part is less intuitive...
More than half of Americans are living hand to mouth with less than $400 in savings. It’s not a bug, it’s a feature to benefit huge corporations and their owners.