00:00 Internships have become increasingly common among college graduates, with the percentage of graduates who have completed an internship rising from 10% in the 1980s to 80% in the mid-2000s.

04:42 Paid internships have a higher likelihood of leading to job offers compared to unpaid internships or no internships at all, with over 72% of paid internships resulting in job offers according to a 2016 survey by the National Association of Colleges and Employers.

09:30 Unpaid internships can perpetuate inequality and unfairness in the job market, as they often require financial support from parents and rely on connections and privilege to secure opportunities.

13:59 Internships started to become more popular in the 1960s and experienced a significant increase in the number of universities offering them between 1970 and 1983, with co-ops also being a common term used at the time, and while internships can be valuable for certain fields like STEM, psychology, political science, and economics, some argue that unpaid internships in these fields can still provide valuable real-world experience and job training.

19:18 Media and entertainment companies are more likely to exploit and abuse interns and provide less real-world training compared to other fields like STEM or architecture that have established formal internship processes.

23:28 The fashion industry is notorious for exploiting interns, and there is a six-point list from the Fair Labor Standards Act that outlines qualifications for unpaid internships in the private sector.

28:09 In 2011, two interns sued Fox Searchlight Pictures for back wages, arguing that their internship was essentially unpaid labor and they won the case.

32:35 The lawsuit against Fox Searchlight Pictures in 2011 led to significant changes in the intern economy, with many companies reconsidering their internship programs and either setting up formal programs, paying their interns, or discontinuing their internship programs altogether.

37:01 Setting up a formal internship program is one way to ensure that interns are learning valuable skills and are being selected based on merit rather than connections.

41:17 The president's life was potentially saved by a 27-year-old who took charge and rerouted the motorcade against the president's will.