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Taking classes at a private U.S. college costs about $50/hour in tuition ($35k/year) If you're studying the wrong stuff, that's the _real_ 'minimum wage'.
In fact more due to the time value of money. $50/hr is the (straight) present value (PV) with a discount rate (r) equal to inflation rate plus interest rate on student loan (if applicable) and other applicable factors for a given number of periods (n).pic.twitter.com/SVLcJGekel
This assumes employment after university rather than employment in lieu
My degree in interpretive dance with a minor in basketweaving really helped me grow as a person. Now I'm off to work in the interpretive dance factory down by docks. Money well spent!
Best tweet of the day.
The most important component of a Liberal Education, in the true sense, is the study of the works of our philosopher-founder-lawgivers and their great philosophic preceptors. This is our claim to be exceptional. Academia fanatically obliterates & poisons their promulgation.
Sure, if you're limiting your test population to only those privileged enough to go to college. Right out of the Navy, I was offered a Walmart graveyard dock worker job and a dangerous security position, both paying $7.00/hr. Min wage hurts, with or without an education.
It is higher than that because you have to compensate yourself for the opoortunity cost of being in college for four years instead of doing other things (like working) and for the effort put in studying
And if we see college degree as a long term investment you can "afford" earning less than that for some years if later you're gonna earn more. What matters is if the Net Present Value of your investment is positive.
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