I am sure there are cases where it works out for the intern but my gut tells me more end up losing in the end then winning.

Accepting work in any form without pay or regulation is just an invitation for corruption and abuse. I see no incentive for a business person to provide "experience" so in the end they would have to pay someone more money if they hired them.

I prefer the old system where you hired trainees and paid them wages relative to their skill and experience. With the incentive that if they work hard, and do well, they will be paid higher wages in return for their skills and experience.

However, business schools teach the Gordon Gecco - greed is good philosophy to their students, with the end result being that 90 percent could not spell ethics let alone understand what the word means. The best and most successful would happily push their mothers off a bridge or toss them under a buss for a quarter. I do not believe for a second that any businessman sincerely believes they are hiring unpaid interns to give them anything, that in the end, would cost them money.

This new system seriously bones new workers trying to get into their industry because they have to be able to live on nothing while getting to and from work with no guarantee of gainful employment in the end. It screws experienced workers by it pushing wages down because they have to compete with the new wave of recently trained interns willing to work for peanuts.

Just when I think that business pukes cannot sink any lower, they now are trying to call "working for free" and by the way earning them money, some kind of "school training" and are charging tuition fees in addition to the money they make for the free labor! Seriously, It make me want to not live on this planet anymore!

These poor kids are getting "schooled" alright and not in the good meaning of the word!

But you know I cannot fully blame the businessmen either. People that are short sighted and do not realize that in the end they are negatively affecting their own future livelihood by undervaluing themselves and their skills is their own fault. If a banker sets a gun on the table and someone picks it up, puts it to their own head, and pulls the trigger it's not the bankers fault for providing the gun.