Dilemma For Today's College Students

Reposted From August 9, 2009


According to this article in New York Times, a student paid $8,000 to receive an "UNPAID" internship. My reasoning is, why should a company pay people when they get it free (internships)?

And now it appears a whole new bustling business has emerged collecting huge fees to find unpaid internships for saps students.

Here's a thought. When many of these current students graduate, the very same companies they seek for employment will already have their summer interns working for FREE or maybe even paid a few buck$. While some internships may actually land someone a job with that company, I'd just love to see the statistics that would back that up.

Looking into my crystal ball I further predict that in the future, employers will charge applicants for submitting their resumes. This will help businesses recover the 'Human Resources' incurred costs. Would a $100 be a fair price? We already charge fees for SAT's and college applications anyway. So students should be used to this kind of thing. Just charge to a credit card. Why not? What the hell they are probably already in the hole for $10,000's before their first check anyway!
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I have a alternative suggestion, screw these companies. Start your own business.

Start off with minimal investment. Let's say instead of $100,000+ for college, just loan $5,000 or less. Get yourself a hot dog cart. You only need minimal education. Make money the old fashion way with lots of hard work putting in many hours. A pack of weenies & day old steamed buns will get you started.

But wait a minute!
It looks like my naive suggestion could end up costing someone tens of thousands of dollars instead. According to a story that came across the wires a hot dog vendor in New York shared my vision. He too must have been as naïve as I.

For a number of years this 51 year old wiener peddler made up to $1,500 a day. Now where could most college graduates earn those kind of bucks$?

Well apparently not in NYC.
He's lost his $170,000 'performance bond' after it was seized by New York City because he fell behind on his yearly $643,000 Parks Department rent for his location to the tune of $310,000.

He sure has to sell a hell of lot of tube steaks!
Oh that's right... he can't without w/o his 'performance bond'.





He better go to college and get a job.
Say... isn't this where I started this whole post in the first place?



"The rich buy assets.
The poor only have expenses.
The middle class buys liabilities they think are assets"

~Robert T. Kiyosaki, author, entrepreneur, investor~