College students who are lucky enough to land internships at Knoxville, Tenn.-based WeScore.com will earn $22 an hour.
The Internet startup—slated to launch early this year—relies on more than a dozen University of Tennessee students to fill out a small staff whose mission is to provide unbiased financial information to help middle-class Americans evaluate investments and check their financial advisors’ choices.
“It would have been hypocritical for us to be launching a site dedicated to helping the middle class while taking advantage of middle-class students,” says CEO Jacqueline J. Stanfill, who notes that paying three times the minimum wage has allowed the startup to hire high-quality interns. WeScore.com has already offered permanent jobs to two interns.
Stanfill settled on a $22-an-hour wage in response to an analysis by Sen. Elizabeth Warren (D-Mass.), who has said that, based on the rate of productivity in the U.S. since 1960, the minimum wage should be $22 an hour.
Contact: Jacqueline Stanfill of WeScore.com, firstname.lastname@example.org.