Unpaid Interns Are Exploited?

John Stossel reports:

Do you employ unpaid student interns—college students who work in exchange for on-the-job training?

If so, President Obama's Labor Department says that you're an exploiter. The government says an internship is OK only if it meets six criteria, among them that the employer must get "no immediate advantage" from the intern's activities. In fact, the employer's work "may be impeded."

Impeded? No immediate advantage?

I'm in trouble, then. I have an intern at Fox Business News, and I'm getting immediate advantages from her work all the time. I've had interns my whole career and gotten lots of immediate advantage from them. Occasionally, I've been impeded—but the better interns did the research that made my work possible. I'd asked my TV bosses to pay for research help, but they said, "You think we're made of money?"

When you go to socialist conferences like Barack Obama did in college: you probably aren't a fan of notion of "liberty of contract".