4 ms·
$3.05 in 1974, for example, would be about $15.59 today, after adjusting for inflation. What is so mind-blowing about it?
by whyenot 8y ago
$3.05 in 1974, for example, would be about $15.59 today, after adjusting for inflation. What is so mind-blowing about it?
- macintux 8y agoAre you being deliberately obtuse to be rude? Clearly the parent post was contemplating making $3.05 an hour in terms of today’s cost of living, just as I might contemplate how crazy it sounds to pay 5¢ a gallon for gas.
- zumu 8y agoHonestly, paying your way through college for on $15.59 an hour is still pretty brutal.
- ForHackernews 8y agoFor context: https://www.theatlantic.com/education/archive/2014/04/the-myth-of-working-your-way-through-college/359735/ https://www.theatlantic.com/education/archive/2014/04/the-my... > A credit hour in 1979 at MSU was 24.50, adjusted for inflation that is 79.23 in today dollars. One credit hour today costs 428.75.
- pjc50 8y agoAverage college cost $25k/year: https://www.collegedata.com/cs/content/content_payarticle_tmpl.jhtml?articleId=10064 https://www.collegedata.com/cs/content/content_payarticle_tm... That's about 1600 hours at $15.60, or 40 x 40-hour weeks. So you need to work most of a year to pay the tuition for a year. And this doesn't account for your living expenses, taxes etc.
- bunderbunder 8y agoYou can't really compare an inflation-adjusted income from the 1970s to college tuition today, though, because tuitions have been increasing faster than inflation for a good long while now. Here's an infographic that does a more detailed comparison: https://college-education.procon.org/view.resource.php?resourceID=005532 https://college-education.procon.org/view.resource.php?resou...
- cglace 8y agoDepends on where and the type of school you go to. For example, average in-state tuition in GA is $10,183.