Some folks are buzzing about the fact that Conde Nast is ending its internship program after being sued for not paying its workers. This has led to some gloating from libertarian sorts, who are elated to inform us that when government forbids for-profit employees from working for free (or for pennies), sometimes the opportunity to work at starvation wages goes away!
Color me unconvinced. I'm truly unconvinced that nobody at Conde Nast will now be doing ... whatever it is that the interns did that allegedly kept them in the office 12 hours at day at $12 a day. The difference is now the person (a) won't be called an "intern" and (b) will get something approximating an entry-level worker's salary. This is not a bad thing. Indeed, it is kind of the point. Whatever wonderful experiences one gets by being one's own Devil Wears Prada extra is now available to people who actually need their jobs to pay money.