Earlier quoted context omitted.
I thought I did explain my opinion, but yes you've stated it much more succinctly than I have. I believe the law protects people (specifically young people starting their careers) from exploitive practices. It also hurts them by penalizing non-exploitive and beneficial practices. I personally beleive the protection outweighs the potential benefits in this law, and thus agree with this law. Is this a little big brothe…
Can you provide an example where you would see a young person starting their career would find themselves worse off by accepting an unpaid internship? I presume you accept that the young person would only do so if (a) they weren't able to find a paid position, or (b) the experience they believed they could get would exceed the pay they could get elsewhere - and presumably therefore would result in future benefits?
If a telemarketing firm had approached me for a free internship with the promise of riches once I put in my time, I may very well have turned down paying positions at McDonald's etc. I'm not trying to say most of us are dumb coming out of school, but I do believe that the fake pot of gold is pretty appealing and that there are many ethically questionable companies who would make all kinds of promises if it would benefit their bottom line.
I think the system where these companies are forced to act at least somewhat ethically by paying a minimum wage is a good system.
I think there is and should be a line though. If you are unable to value your work properly, young or old, then maybe you simply don't deserve to make more than minimum wage. I don't think society should pay for your bad decisions beyond a certain point. However, I like that you can still at least make some sort of living, and I think the company that is benefiting from your poor decision making skills should be footing that bill, and not tax payers. It would be infuriating to pay a wellfare tax while the persons receiving the benefit of that tax are passing it on to companies where they are working for free.
A company could get an extremely discounted rate for certain services if they were able to hire free interns. Then to take it to extremes, if a publicly traded company could gain a competitive edge by doing this, then it's practically illegal for them not to.