Graduates' debt management endangered by exploitative employers
Graduates' debt management endangered by exploitative employers
Monday 29th March 2010
This could compound debt problems, as almost 40 per cent of students now expect to finish their education with more than £15,000 of debt.
The TUC has launched a new website to help exploited workers in an attempt to redress the balance.
In an extremely competitive job market, graduates are desperate to make their CVs stand out from the crowd and employers are taking advantage.
According to the TUC's research, a significant proportion of employers are using graduates' desperation as a way of securing free labour.
Often this is actually illegal, with the positions filled not exempted from minimum wage legislation, entitling the unpaid interns to a salary.
Brendan Barber, TUC general secretary, said: "Internships can be a positive experience and offer a kick start to a career that many young people value.
"But as more and more graduates are being forced to turn to internships in place of traditional entry level jobs, we're concerned that a growing number of interns are at risk of real exploitation."
Students, hit by escalating fees and the expense of living away from home unable to work full time to support themselves, are increasingly finding debt management a struggle.
The expectation today that graduates will work for free is only making it more difficult to practise healthy debt management plans.
News article brought to you by Debt1 – The debt consolidation company
Related News
Stealth tax could put 30 million workers out of pocket - 25/03/10
George Osborne, the shadow chancellor, has accused Alistair Darling of failing to mention a major “stealth tax” which will see millions out of pocket and could see some requiring debt management advice
George Osborne, the shadow chancellor, has accused Alistair Darling of failing to mention a major “stealth tax” which will see millions out of pocket and could see some requiring debt management advice
Debt solutions for first time buyers - 24/03/10
Alistair Darling's budget announcement on stamp duty concessions for first time buyers has been met with cautious optimism by the Council of Mortgage Lenders (CML)
Alistair Darling's budget announcement on stamp duty concessions for first time buyers has been met with cautious optimism by the Council of Mortgage Lenders (CML)
New credit card legislation does not go far enough - 17/03/10
The government's proposed new measures to assist consumers struggling with debt management related to credit cards are a step in the right direction when a leap was needed, according to an industry expert
The government's proposed new measures to assist consumers struggling with debt management related to credit cards are a step in the right direction when a leap was needed, according to an industry expert
Credit-squeezed adults may benefit from debt management - 15/03/10
One in four people would be unable to pay their mortgage if their monthly income dropped by just £300, suggesting that the effects of the recession are still ongoing
One in four people would be unable to pay their mortgage if their monthly income dropped by just £300, suggesting that the effects of the recession are still ongoing
Don't ignore debt management, claims charity - 11/03/10
Consumers are being urged to spend time engaging in effective debt management in order to better their personal finance situation
Consumers are being urged to spend time engaging in effective debt management in order to better their personal finance situation
News Article Search
Quick Apply
News Archive