www.DOL.gov statistics list 1967 Federal minimum wage at 1.00/hr - a few states had up to 1.40/hr as their minimum so basically 6800 work hours needed to make $6800 Gross
Divide today's minimum wage/hr into $13398 to determine the number of hours needed to work to arrive at that amount- it is less than 2000 hours.
www.DOL.gov statistics list 1967 Federal minimum wage at 1.00/hr - a few states had up to 1.40/hr as their minimumĀ so basically 6800 work hours needed to make $6800 Gross
Divide today's minimum wage/hr into $13398 to determine the number of hours needed to work to arrive at that amount- it is less than 2000 hours.
AGAIN the $6800 figure is wrong. That is today's dollars. Nobody was paying $6800 back then!
Average was $1,200. That's 1200 or less work hours NOT 6800.
www.DOL.gov statistics list 1967 Federal minimum wage at 1.00/hr - a few states had up to 1.40/hr as their minimumĀ so basically 6800 work hours needed to make $6800 Gross
Divide today's minimum wage/hr into $13398 to determine the number of hours needed to work to arrive at that amount- it is less than 2000 hours.
That is $6800 in TODAY's dollars.
$6800 in 2014 dollars is equal to $954.16 in 1967 dollars. So at $1/hour, it would have taken 954.16 hours of work to earn tuition money. That's 18 hours per week over the course of a year.