Why You Can't Afford a Career: The Hidden Cost of Internships & TRAPs скачать в хорошем качестве

Why You Can't Afford a Career: The Hidden Cost of Internships & TRAPs

Imagine landing your dream job, only to realize that quitting will cost you more than you ever earned. It sounds illegal, but for millions of workers, the "Pay-to-Work" economy is a terrifying reality where you don't just lose a paycheck when you leave—you get a bill. The Science & Economics: In this episode, we dissect the mechanics of Training Repayment Agreement Provisions (TRAPs) and the economic fallout of unpaid internships. We analyze how modern employment contracts leverage debt as a retention tool, effectively creating "coercive contracts" that bypass traditional non-competes. We also explore the Primary Beneficiary Test (the legal "7-layer cake" used by courts under the Fair Labor Standards Act) to determine if an internship is education or exploitation. From algorithmic gatekeeping in ATS software to the "nepotism gap" in hiring data, we uncover how the labor market is being scientifically rigged against merit. Why It Matters: This isn't just about bad bosses; it’s about the death of social mobility. When experience is a luxury product that only the wealthy can buy, the entire concept of a meritocracy crumbles. Keywords: Job market analysis, TRAP contracts explained, labor laws 2025, unpaid internships legality, Fair Labor Standards Act, career advice, employment debt, FTC non-compete ban, hiring algorithms, social mobility, economic inequality, Training Repayment Agreement Provision. C. Timestamps / Chapters 00:00 - The "Pay-to-Work" Economy 01:05 - What is a TRAP? (The $75,000 Resignation) 02:50 - The Algorithmic Gatekeepers (AI in Hiring) 04:55 - The Unpaid Internship: A Tax on the Poor 07:45 - The "Net Loss" Calculation 09:30 - The Legal Test: The 7-Layer Cake (FLSA) 12:15 - Merit vs. Nepotism: The 20% Problem 14:40 - The Government Fights Back (FTC & NLRB) 16:30 - Is This the End of Meritocracy? Hashtags #LaborEconomics #JobMarket #TRAPContracts #Internships #WorkersRights