UBI, or universal basic income, is a form of direct cash assistance to help the most vulnerable get back on their feet. A new study in Denver suggests it works.
  • KevonLooney@lemm.eeEnglish
    442·
    1 year ago

    It most certainly did not cost him $2000 per semester in the early 70s. It cost about $2000 for a full year at a private university. Around $500 if he went to a public school.

    https://nces.ed.gov/programs/digest/d07/tables/dt07_320.asp

    And that’s in 2007 money! $500 in 2007 converted to the early 70s is $90 to $100. Minimum wage was $1.60 per hour, so he would have to work 2 weeks at minimum wage to afford public school. 7 weeks for private school.

    What a burden! He might have to give up part of his summer!