Lets convert this amount for what it would be worth today:
In 1970: $1.60 an hour would be about $7.70 today, welp that’s already more than our minimum wage so..
in 1979: $2.90 an hour would be about $9.16 well holy shit that’s way above our national average.
Average cost of university today in 2014: According to the College Board, the average cost of tuition and fees for the 2013–2014 school year [ONE FUCKING SCHOOL YEAR] was $30,094 at private colleges, $8,893 for state residents at public colleges, and $22,203 for out-of-state residents attending public universities.
So a four year degree would costs at a public university: in-state: $35,572 Out of State: $88,812