Do economic sectors built on prepaid and "pay to play" labor exist? If so, what does it mean?

[Mr Khan]

HappySqurriel said:

Mr Khan said:

A college degree is still hugely important, and should not be underestimated. Try getting an internship somewhere important without being in college, or try getting a real job somewhere without some sort of higher education degree (needn't be college necessarily, but technical school, vocational something or other, but it has to be something). The only thing that this might be doing is forcing change on the traditional college experience to push for something more streamlined and cut down on things like the classics and philosophy, which have been on the downslide in universities anyway...

While there are many degree fields that increase a person's career prospects, the majority of degrees do far less to get a person a job than one of these unpaid internships will ... This is why it was recently reported that 85% of new college graduates move back in with their parents, 54% are unemployed, and most of those who are employed are "under-employed" (because they are doing a job which doesn't require a degree).

Yes, but try getting a meaningful internship without being in college. And just because you don't get a job immediately out of college is no reason to discredit degrees, as you likely will find a job, and your degree is going to have something to do with that