Taken from JRE #1508 w/Peter Schiff: https://youtu.be/OK2zgeJLVwU
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Taken from JRE #1508 w/Peter Schiff: https://youtu.be/OK2zgeJLVwU
Video Source
You must be logged in to post a comment.
In 1950 the University of Pennsylvania, Ivy League, cost $600 for annual tuition. Federal minimum wage was $0.75 per hour. You'd need to work 800 hours to cover the tuition, which was achievable in a hard summers effort (roughly 5 months at 40 hours a week). Now Penn costs $60,000 per year. At the current federal minimum wage you'd need to work 8,276 hours to pay for the tution. That would take roughly 52 months or 4.31 years to pay just 1 years tuition. You'd have to raise the minimum wage to nearly $75 per hour to be equivalent. $75 x 800 hours= $60,000.
Tuition straight from Penns site. Min wage data from goverment site.
Thanks Peter for speaking the truth!
Peter is spewing some bullshite
I think there should be student loans but they should be restricted to majors that can clearly demonstrate the capacity to pay the loan back. If you want to study basket weaving then fine but there should be zero government loan guarantees for that loan because clearly someone with that degree will not be able to pay back the loan. All majors are not equal. Not all majors have the same value to society.
Americans outraged having to pay $50k student fees, but think it's perfectly normal to pay $500k for a house made from sticks and cardboard.😟
It's so surreal seeing how Republicans and Democrats keep blaming the other side for all the country's problems….while almost all of it is directly or indirectly caused by Globalists, Multinational Corporations and Banker families, ie. The Elites.
😑🙄😒