Firms are offered interns on half the minimum wage

Graduate wages are being ruthlessly undercut by the growth of internships, a campaign group has claimed, as it emerged that one recruitment company is offering firms the chance to employ interns to fill permanent roles at “half the cost of employing people through traditional means”.

Placement UK advertises to companies that it can offer them interns to work for as little as £6,000 a year compared with the £12,875 wage of someone employed full time on the national minimum wage.

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The Sutton Trust estimates that the costs to someone on an internship in London is around £1,000 a month.

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