in nature to an apprenticeship in a trade (carpenter, plumber, pipefitter, etc.)
The apprentice, or intern, does work. It's supposed to be on-the-job training. Key word there, for me, is "job". The employer isn't just training the intern. The employer is deriving value in two ways... from work performed (which would have been paid for if someone on staff did it) as well as future value that may be realized if the intern works out *and* comes to work for the employer.
Heck, even if the intern doesn't come to work for the employer, the person the employer *does* hire in the future may have gone through the same deal with a different employer. So... Employer A pays to train worker for Employer B, and vice-versa.
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