Friday, December 02, 2011
Biggs and Richwine: Public School Teachers Aren't Underpaid - WSJ.com
This article supports that teachers have no grounds for complaining.
There's much more to this article than the quoted paragraphs I selected...
There's much more to this article than the quoted paragraphs I selected...
Andrew G. Biggs and Jason Richwine includes this in his recent Wall Street Journal article:
"Nevertheless, most public school teachers would not earn more in private employment. According to our analysis of the Census Bureau's Survey of Income and Program Participation, the average person who moves into teaching receives a pay increase of almost 9%, while the average teacher who leaves for the private economy must take a pay cut of over 3%.
This is the opposite of what we would expect if teachers were underpaid. It also helps explain why more people seek teaching jobs—as measured through the number of teaching graduates and applications for teaching positions—than can possibly find them.
In short, combining salaries, fringe benefits and job security, we have calculated that public school teachers receive around 52% more in average compensation than they could earn in the private sector."
