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Reply to "Why are teachers and nurses underpaid?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A teacher around here can expect to make $90k a few years in for essentially 9 months of work (given the endless summers plus all the other holidays). That means average salaries are really more like $120k on an annualized basis. Plus the value of the pension that will easily bump it to a $130-140k equivalent. Plus generous benefits of all sorts. Pretty good for a union job with 100% job security and where you get to go home at 3pm![/quote] Where is “around here”? How many years are “a few years in”? This ranks right there with the “retire after 20 years, free healthcare, union negotiated” posts. [/quote] Oh give it up, that trope about the underpaid teacher is getting seriously old. https://www.aei.org/articles/the-truth-about-teacher-pay/ [b]"It is clear that the widely cited 21% teacher salary gap is a meaningless statistic.[/b] Furthermore, predictions generated by [b]the underpaid-teacher hypothesis fail to be borne out by the data: [/b]Teachers rarely quit their jobs and, when they do, rarely cite low pay as the reason; only a tiny percentage of teachers’ salaries come from second jobs, and that percentage has been falling over time; there is no generalized teacher shortage; most teachers live comfortable middle-class lives; and teaching is not more stressful or time-consuming than the average job. Over and over again, we fail to find evidence that teachers as a group are underpaid. [b]"It is more likely that workers in public education are on average overpaid, in the sense that they could not earn as much in the private sector.[/b] Studies of teachers who switch jobs and comparisons of teaching to other occupations with the same BLS skill requirements suggest that the teacher wage penalty is close to zero. If that is true, then incorporating fringe benefits as measured in the NIPA would boost total teacher compensation about 18% above private-sector levels. This premium comes before adding the value of job security and the predictability of regular raises, which economic theory predicts would be offset by lower wages."[/quote] "If that is true, then [b]incorporating fringe benefits as measured in the NIPA would boost total teacher compensation about 18% above private-sector levels.[/b] This premium comes before adding the value of job security and the predictability of regular raises, which economic theory predicts would be offset by lower wages." [/quote]
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