No Result
View All Result
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
Smart Investment Today
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Smart Investment Today
No Result
View All Result
Home Investing

Unpaid internships lock out working-class graduates from top careers, warns Sutton Trust

by
January 23, 2025
in Investing
0
Unpaid internships lock out working-class graduates from top careers, warns Sutton Trust
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Employers offering unpaid or low-paid internships are blocking working-class and disadvantaged young people from the best career paths, according to new research by the Sutton Trust.

The social mobility charity found that internships, often essential for securing jobs in industries such as finance and IT, are taken up mainly by middle-class graduates with parental or personal financial support.

Nick Harrison, the Sutton Trust’s chief executive, described it as “shocking” that “many employers still pay interns below the minimum wage, or worse, nothing at all”. He applauded a government pledge to ban unpaid internships, arguing that “not all young people can get support from the ‘bank of Mum and Dad’, so banning this outdated practice will help to level the playing field”.

A survey of 1,200 recent graduates revealed that 55 per cent of middle-class respondents had undertaken internships, compared with only 36 per cent from working-class families. This gap — 19 percentage points — has widened significantly from the 12-point difference recorded in 2018. The trust noted that unpaid or underpaid roles still make up 61 per cent of internships, forcing many interns to rely on family, friends or personal savings to get by.

Across sectors, real-estate firms were most likely to offer little or no pay, followed by construction, IT, finance and legal. Retail was the most consistent at meeting minimum wage requirements, ahead of media, marketing and advertising. The Sutton Trust is urging a ban on unpaid internships of four weeks or more and stricter enforcement of minimum wage laws. It also wants companies to advertise all intern roles publicly to widen access beyond well-connected graduates.

A separate YouGov survey commissioned by the charity found that 38 per cent of employers favour an outright ban on unpaid internships, with an additional 30 per cent calling for better enforcement of wage legislation. Graduates who already had professional contacts were almost twice as likely to have completed an internship, while 71 per cent of privately educated graduates had taken on such roles, compared with only 40 per cent of their state-educated counterparts.

Read more:
Unpaid internships lock out working-class graduates from top careers, warns Sutton Trust

Previous Post

Dragons’ Den star Sara Davies’ crafting firm rescued in pre-pack deal

Next Post

Emerging Opportunities in Trading Businesses for 2025

Next Post

Emerging Opportunities in Trading Businesses for 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest

    Gold Prices Rise as the Dollar Slowly Dies

    May 25, 2024

    Richard Murphy, The Bank of England, And MMT Confusion

    March 15, 2025

    We Can’t Fix International Organizations like the WTO. Abolish Them.

    March 15, 2025

    Free Markets Promote Peaceful Cooperation and Racial Harmony

    March 15, 2025
    In Congress, a Move To Strip Courts of Contempt Powers

    In Congress, a Move To Strip Courts of Contempt Powers

    0

    Ana-Maria Coaching Marks Milestone with New Book Release

    0

    The Consequences of California’s New Minimum Wage Law

    0

    Memorial Day

    0
    In Congress, a Move To Strip Courts of Contempt Powers

    In Congress, a Move To Strip Courts of Contempt Powers

    May 9, 2025

    The Environmental Impact of Infrared Saunas

    May 9, 2025

    Bank of England governor urges UK to rebuild EU trade ties as key summit looms

    May 9, 2025
    The Power of No: Why, When and How to Say It

    The Power of No: Why, When and How to Say It

    May 9, 2025

    Recent News

    In Congress, a Move To Strip Courts of Contempt Powers

    In Congress, a Move To Strip Courts of Contempt Powers

    May 9, 2025

    The Environmental Impact of Infrared Saunas

    May 9, 2025

    Bank of England governor urges UK to rebuild EU trade ties as key summit looms

    May 9, 2025
    The Power of No: Why, When and How to Say It

    The Power of No: Why, When and How to Say It

    May 9, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 smartinvestmenttoday.com | All Rights Reserved

    No Result
    View All Result
    • News
    • Economy
    • Editor’s Pick
    • Investing
    • Stock

    Copyright © 2025 smartinvestmenttoday.com | All Rights Reserved