More than 7,000 interns who worked across Condé Nast's magazine properties are eligible for the payout.
Most states still don't have laws on the books extending protections to interns, making Illinois one of the first in the nation.
The legislation was spurred by a court case that said interns weren't protected by sexual harassment
They're not employees, and courts have ruled they aren't protected if they're sexually harassed
The dueling trends are an indicator of the extent to which the unpaid internship has burrowed its thorny claws into all sectors of the labor market
The policy takes aim at two corporate fantasies: that credit makes up for free labor and that all internships are educational