Internships: How Far Will You Go? - Millennial Money with Cliff Mason

BIO

Cliff Mason is the author of Millennial Money. He is the Senior Writer of CNBC's Mad Money with Jim Cramer, and has been that program's primary writer, in cooperation with and under the supervision of Jim Cramer, since he began at CNBC as an intern during the summer of 2005. Mason was the author of a column at TheStreet.com during 2007, which he describes as "hilarious, if short-lived." He graduated from Harvard College in 2007. It was at Harvard that Mason learned to multi-task, mastering the art of seeming to pay attention to professors while writing scripts for Mad Money. Mason has co-written two books with Jim Cramer: Jim Cramer's Mad Money: Watch TV, Get Rich and Stay Mad For Life: Get Rich, Stay Rich (Make Your Kids Even Richer). He is 100% responsible for any parts of either book that you did not like. Mason has also had a fruitful relationship with Jim Cramer as his nephew for the last 23 years and will hopefully continue to hold that position for many more as long as he doesn't do anything to get himself kicked out of the family.

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Feb.12

1:37 PM ET

Thursday, 12 Feb 2009

Internships: How Far Will You Go?

Posted By:Cliff Mason

Topics:Recession | Employment | Economy (U.S.) | Economy (Global) | Stock Market

Is there anything more depressing than the idea of the internship?

It's a testament to how crappy the prospects of young people are that even when the economy was roaring, we would still take these unpaid positions just to fill out our resumes.

And now? Well now wealthy parents are paying thousands of dollars to secure their children crummy unpaid internship positions at for-profit firms.

People are paying employers to give them non-paying jobs?

Man, I thought things were bad a century ago. Back then you might have to give your employer a chunk of your salary or something upfront to get a job, but at least that job paid money.

Out Of Work: Volunteer Now - It'll Beef Up Your Resume

Now we've devised a system where young people work for nothing and they're happy about it! They're getting on the job experience! Yeah, they're getting some kind of experience.

Wouldn't it be wonderful if we could all join hands and just kill the internship? Never gonna happen, not in this environment, and not when we recover.

But then again, they used to say that about unions.