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Money Box

Concern over increase in unpaid internships

Money Box

BBC

Business

4.2825 Ratings

🗓️ 12 September 2020

⏱️ 31 minutes

🧾️ Download transcript

Summary

With fewer jobs and rising unemployment among young people Money Box has seen worrying evidence that the illegal practice of not paying interns is growing.

Thousands of young people are locked out of their Government child trust funds even though they have reached 18.

And would you invest in a bond backed by your local council?

Presenter: Paul Lewis Reporter: Dan Whitworth Researcher: Darin Graham Producer: Alex Lewis Editor: Emma Rippon

Transcript

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0:00.0

In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers.

0:08.0

But the man who often found, tortured and sometimes killed these people on behalf of the IRA

0:12.0

was himself an informer, a secret British army agent with the codename Stakeknife.

0:18.0

Who gets to play God? And why me? Why my family? When lies are still being told to this day,

0:24.0

who do you believe? I wouldn't even know where to start and I'm with the IRA.

0:28.5

Steakknife. Listen first on BBC Sounds. BBC Sounds, music, radio podcasts. Hello, I'm Paul Lewis.

0:38.8

In this Moneybox podcast, why are tens of thousands of people who are reaching the age of 18

0:44.3

being denied access to the child trust fund money given by the government and parents for their benefit?

0:51.0

Would you invest in a bond backed by your local council? And why Jersey is giving all its

0:56.7

citizens a prepaid card with £100 on it. But we start with worrying evidence that young people

1:03.2

are being exploited in a shrinking jobs market by firms trying to cut costs. There's always been a

1:09.6

problem of businesses hiring interns, but

1:12.3

getting them to do proper work for free, work for which they should be paid the minimum wage.

1:17.3

Now it seems this is on the rise due to the coronavirus epidemic. The media and fashion

1:23.1

industries are the worst offenders, a money box has found many adverts for internships, but which are

1:28.3

for jobs that should be paid, like sales assistant, fashion designer, social media manager.

1:33.9

I spoke to Damien. He recently worked for a London fashion house that has its collections

1:38.6

featured in vogue and has A-listers among its clients. He saw the advert on a fashion website. When I had my interview,

1:46.0

they told me, for a month it will be unpaid. And after that, they might, like, employ me.

1:52.8

How big was it for you to get this internship with them? It was my first, like, fashion internship

1:58.9

job in London. What did they get you to do? Work started at 9.30 and you

2:04.6

finish at 6pm and you have a 30 minute break. We are working on this spring summer

...

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