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European Parliament Calls For A Ban On Unpaid Internships, Says They’re A “Form Of Exploitation”

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Does it ever seem that companies’ requirements for new hires are more unrealistic than ever? You’ve probably seen the memes mocking potential employers who are requesting 10 years of experience from someone who came straight out of high school or college. You need the experience to get the job, but you need a job to get experience—a true Catch-22 scenario in real life. For this (ridiculous) reason, many young people are doing unpaid internships to gain experience and skills. But it seems awfully unfair to put in a workload for no compensation at all, doesn’t it? Luckily, some lawmakers in the European Parliament agree. Recently, they have been calling to ban unpaid internships across the states of the European Union.

More info: Euractiv

EU lawmakers are calling for a ban on unpaid internships

Image credits: adpowers (not the actual photo)

Some EU lawmakers called upon the European Commission and member states last week to increase their support for working young people. Across the EU, youth unemployment is on the rise, which was further worsened by the COVID-19 pandemic. In a new resolution with 574 votes to 77 and 43 abstentions, the lawmakers are urging the member states to ensure that people who enroll for the Youth Guarantee schemes are offered “good-quality, varied, and tailored job, training, apprenticeship, or internship offers, including fair remuneration.”

The resolution indicates unpaid internships as “a form of exploitation of young people’s work and a violation of their rights.”

According to them, it’s “a form of exploitation of young people’s work”

Image credits: ugacommunications (not the actual photo)

Last week, European Parliament President David Sassoli told the media: “This battle against unpaid internships has been going on for a long time. For too long, we have got used to unpaid traineeships, but this has got to change.”

“The European Parliament is now leading by example, and unpaid internships are illegal in the House. What we want now is for this to be replicated across the EU so that, once and for all, we rid ourselves of the problem of unpaid interns,” added MEP Brando Benifei.

“It’s crucial that the EU learns from past mistakes by offering young people quality jobs”

Image credits: eurostat

“With the youth unemployment rate at 17.6% in the EU in August 2020, EU lawmakers also called for more funds to strengthen the Youth Guarantee scheme for 2021-2027 in their resolution,” Euractiv informs.

Commenting on the resolution, the European Youth Forum (EYF) said that they’re hoping to make unpaid internships “a thing of the past.”

“For too long, we have got used to unpaid traineeships, but this has got to change”

“With youth unemployment rising more sharply now than after the financial crash, it’s crucial that the EU learns from past mistakes by offering young people quality jobs and real legal protection from exploitation,” said Ludovic Voet, confederal secretary of ETUC [European Trade Union Confederation].

Here’s what people online thought about the idea

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Radhika Apte reveals real reason why she got married

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Radhika Apte needs no introduction to Kollywood fans after her appearance as Superstar Rajinikanth’s wife in ‘Kabali’ directed by Pa Ranjith.  The intense actress impressed with her performance of a meek girl to a mother of a grown-up and especially her reunion scene with Rajini took the audience on an emotional ride.

Radhika is happily married to her British boyfriend Benedict Taylor who is a singer and she shuttles between Mumbai and London to balance her personal and professional life.

Radhika Apte in her most recent interaction with Vikranth Massey on social media from London has admitted that she does not believe in the institution of marriage.  When asked why she got married the talented performer replied that it is easier for married people to get a British visa and that’s why she and her man opted for it in 2012.

Radhika is currently chilling with Taylor in their London home during the lockdown and will soon start filming her next English film ‘Noor Inayat Khan’ in which she plays a spy based on a true story.

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Jacqueline Fernandez shares picture of her being in ‘happy place’

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Actor Jacqueline Fernandez is working on a secret project where she found herself in a ‘happy place’. Taking it to Instagram on Sunday, the 35-year-old actor shared a picture dressed up like a traffic police officer as she is seen laughing her heart out.

“How was everyone’s Sunday?? Fun project coming up soon! #myhappyplace,” wrote Fernandez along with a picture where she is also seen holding a coffee mug. The ‘Kick’ actor also shared a few Instagram stories of her getting ready for the upcoming project.

Recently, the actor extended gratitude to her fans after the number of Instagram followers hit the 46 million mark.

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Why an ‘active’ approach to risk modelling is key to navigating markets today

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Whether investors are aiming for a cautious approach or a riskier investment profile with the potential for higher returns, Architas’ Blended Fund range is designed to match a range of investor risk appetites. And like many asset managers, Architas predominantly uses two approaches to define asset allocation within the five risk bands used in the Blended Range – strategic and tactical.

Whilst risk model provider EValue’s quantitative approach to asset allocation takes into account the long-term performance of different asset classes and the likely future performance given current valuations, along with long-term measures of volatility and correlations with other asset classes. Yet as with most systems of its kinds, EValue focuses on the long term; it is unable to analyse short-term market movements and fluctuations. So whilst it would have seen that in Q1 2020 markets fell by a record percentage before rebounding, it will not be able to factor in the cost of the coronavirus and lockdown and its impact on markets. Similarly, it is not able to consider ongoing Brexit woes, geo-political trade wars or the outcome of the US election in 2020.

Click here for the full article and to access more about the flexibility of the Architas Blended Range by clicking on the box below.

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