Bernie Sanders Us Selling Pie in the Sky BS to a Bunch of Dumb Young Folks

[baseline bum]

As I remember it, my tuition/fees was about $400 per hour.

Then again, minimum wage was $1,25 too.

how is the ratio that different now?

I'm seeing tuition/fees at UTSA to be $624 per hour with a $7.50 minimum wage.

Are comparing a good private school to lol UTSA?

[baseline bum]

The College Board estimates $9410 for tuition + fees for a full time student at an in-state public university. So if you work for minimum wage of $7.25 an hour (let's just forget payroll taxes exist) that's a little less than 26 hours a week to pay it, assuming a 50 week work year. Now the national center for education statistics has the average cost of tuition + fees at $327 for a four year university to pay for the school year 1965-66 when minimum wage was $1.25, which works out to about 5.2 hours a week assuming a 50 week work year. So that seems a pretty hefty discrepancy, work five times as hard to pay for your school now.

[CosmicCowboy]

Comparing a mid 70's state school tuition. The game was, the tuition was "cheap" in the 200's but the mandatory fees were as much as the tuition.

[CosmicCowboy]

The College Board estimates $9410 for tuition + fees for a full time student at an in-state public university. So if you work for minimum wage of $7.25 an hour (let's just forget payroll taxes exist) that's a little less than 26 hours a week to pay it, assuming a 50 week work year. Now the national center for education statistics has the average cost of tuition + fees at $327 for a four year university to pay for the school year 1965-66 when minimum wage was $1.25, which works out to about 5.2 hours a week assuming a 50 week work year. So that seems a pretty hefty discrepancy, work five times as hard to pay for your school now.

Could be right. I remember it as being a lot. I know I made more money than anyone else my age I knew in the summertime as a framing contractor and lived in a hole and ate ramen to scrape by after paying for tuition, fees, and books.

[rmt]

Could be right. I remember it as being a lot. I know I made more money than anyone else my age I knew in the summertime as a framing contractor and lived in a hole and ate ramen to scrape by after paying for tuition, fees, and books.

And you didn't have a phone and internet connection to pay for.

[CosmicCowboy]

And you didn't have a phone and internet connection to pay for.

or a car. I rode a bike everywhere.

[RandomGuy]

As I remember it, my tuition/fees was about $400 per hour.

Then again, minimum wage was $1,25 too.

how is the ratio that different now?

I'm seeing tuition/fees at UTSA to be $624 per hour with a $7.50 minimum wage.

I doubt it was $400 per hour when you went to college.

http://utsa.wikia.com/wiki/Tuition_rates

Try $4-18

Gives per hour tuition rates, with adjustments for inflation.

The ratio is far, far smaller (meaning the cost of tuition compared to the amount of money from one hour of minimum wage labor) today than it was at that time.

12 hours of labor would pay for one hour in the 70's/80's (16/1.25)
28 hours of labor would pay for one hour in 2012 (200/7)

Given the constant inflation of tuition, with the unchanging nature of minimum wage, that gap widens every year.

(edit)
Didn't check what minimum wage was in 70-80, just ran with 1.25 figure.-RG

[CosmicCowboy]

I think we all agree that a degree from a 4 year ins ution is ridiculously expensive.

I know that I had to have 147 hours for my hybrid degree plan and half of those hours were worthless crap that I resented the out of having to take/pay for.

[rmt]

I think we all agree that a degree from a 4 year ins ution is ridiculously expensive.

I know that I had to have 147 hours for my hybrid degree plan and half of those hours were worthless crap that I resented the out of having to take/pay for.

Exactly 120 credits for me - not one more than necessary.

[rmt]

Had to walk (no buses on Sundays) and camp out 2 hours early in front of the Rec Center TV to make sure I had "control" of the TV to watch French Open Finals. No TV channels at my apt except ABC and PBS. Listened to Atlanta Braves games on the radio.

[FuzzyLumpkins]

Hey fuzzy since you like to 420 BLAZE IT what do you think about Trumps views on marijuana?

I think that seeing how agriculture inherently is a federal issue due to distribution that he has no legal standing. I get what he is doing appealing to libertarian notions of federalism but unless he is talking about dismantling the DEA and the FDA scheduling, he doesn't have a grasp on the issue that I want.

[SnakeBoy]

Look, man. I haven't voted for a dem in over a decade. I think GOP supports such as yourself are deluded and self-centered. That does not make your binary understanding true. There are more than two ways of political thinking; not being for the GOP does not mean I am pro Dem. It just means you have to dumb things down to understand them.

So who did you vote for in the last 2 potus cycles?

[FuzzyLumpkins]

So who did you vote for in the last 2 potus cycles?

Libertarian. Clinton/Gore demonstrated very clearly that the dems were not the party for me. Obama and his bull has all but cemented it; he is a classic Chicago politician. The southern strategy and good ole boy migration as well as the god delusion make the GOP a nonstarter.

My outlook on political parties is to dismantle the two party hegemony. I vote in the GOP primary which is the real election where I live anyway so I use the general to give support to 3rd parties.