In 2013 two former interns, Lauren Ballinger at W magazine, and Matthew Leib at The New Yorker, sued Conde Nast for violating federal and state labor laws. Conde Nast, one of the most prestigious publishing houses in the country, owns more than 25 publications, including Vogue, Vanity Fair, The New Yorker, and GQ.<\/p>\n
With the economy still in a slow pace, it is no surprise that internships nowadays don\u2019t pay much, or any money. Most internship advertisements clearly state that they won\u2019t be paying and that the internship is only available for school credit. The two Conde Nast interns were paid \u201c$12 a day for shifts that last 12 hours or more,\u201d which accounts to less than $1 an hour \u2013 way below the minimum wage.\u00a0While industry officials claim that a Conde Nast internship is one of the most prestigious one in publishing that opens many doors, the publishing house has decided to end its internship program after the lawsuit was filed.<\/p>\n
The problem with most internships today is that they require long hours, hard work, and little money, claiming that the internship is an invaluable experience. This, in return, creates a privileged candidate pool for these internship programs since not many students can afford living in a big city without any earnings. These internships are only available to those whose parents are able to support their stay, like the daughter of Arianna Huffington, or TV stars Lauren Conrad and Whitney Port. As a \u201cformer intern told The New York Times\u00a0that if she didn\u2019t have her parent\u2019s financial support, she \u201cabsolutely\u201d could not have accepted the internship.\u201d<\/p>\n