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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (246234)	3/2/2014 11:48:43 PM
From: Sam	Read Replies (1) \| Respond to of 542201

Steer your students to tech-- Some Tech Interns Make More Than U.S. Workers By NICK BILTON bits.blogs.nytimes.com Here’s a quiz for you: Who makes more money, a median American household or an intern at Facebook? If you guessed the latter, the tech company, you’re right. According to a report released on Friday by Glassdoor, an online jobs and career company, some of the highest paying companies pay their interns more than $75,000 a year. This is more than the median household income in the United States, which according to the Census Bureau, is $53,046 a year. It shouldn’t come as much of a surprise that many of the companies on the list are tech-based. Glassdoor said that companies in the San Francisco Bay Area dominated the list of highest paid, representing 18 of the top 25 companies profiled. Palantir, the computer software and services company, was at the top of the list, paying interns a whopping $7,012 a month. Assuming the intern works an entire year, that means an annual salary of $84,144. Social media giants pay their interns better than most traditional tech start-ups, according to the report. Twitter interns came in third on the list, with a monthly salary of $6,791. LinkedIn was right behind with at $6,230 each month, followed by Facebook at $6,213 a month. You can be sure these interns aren’t just getting coffee and using photocopiers — assuming that these companies even have photocopy machines. “You will ship code used in production, you can have a say in virtually all company decisions,” a software engineering intern at Twitter wrote, describing his duties at the company. Glassdoor said the report was calculated by collecting salary information on its site from companies with at least 20 interns. The data was collected over two years from Jan. 24, 2012 to Jan. 23, 2014. The report is a stark comparison to some traditional media companies, which in recent years have been sued or publicly criticized for underpaying interns. Last year, Condé Nast, whose publications include The New Yorker, Vanity Fair and Vogue, said it was closing down its internship program after two formers interns sued the company, claiming they had been paid below minimum wage for the summer jobs at W Magazine and The New Yorker. The Glassdoor list also included Amazon.com, which pays its interns $5,631 a month, Nvidia, $5,446 a month, Yahoo, $5,039 a month and Intel, $4,648 a month.