The decline and fall of the internship

I'm a little surprised to see the number of internships drop dramatically. I know wages are sticky and all, but why are internship wages sticky? The main compensation of an internship isn't supposed to be the wage; it's supposed to be the experience, right?

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Conor Clarke is the editor, with Michael Kinsley, of Creative Capitalism. He was previously a fellow at The Atlantic and an editor at The Guardian. More

Conor Clarke is the editor, with Michael Kinsley, of Creative Capitalism, an economics blog that was recently published in book form by Simon and Schuster. He was previously a fellow at The Atlantic and an editor at The Guardian. He is also on Twitter.

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