on teacher pay...
From the persistent and nearly-universal shortages, we know that math, science and special ed teachers are typically underpaid. The chief cause is obvious: unions bargain with govt to keep pay the same between fields– when equilibrium wages differ markedly between fields.
Of course, many people (subjectively) claim/imagine that they’re “underpaid”. One frequent oversight is to look at wages, but to ignore benefits, deferred comp, and job characteristics. Teachers have it [really] good on all three of these. Beyond that, the easiest answer is: go to a job that pays you what you’re “worth” in the labor market. If teachers are generally underpaid, the chief cause would be what economists call “monopsony”– monopoly power of the employer. (Note that this stems from govt’s failure to enforce anti-trust laws against itself!) There would be reason to sympathy here– except teacher unions forcefully lobby for this arrangement, wanting monopoly power over parents/children in the provision of K-12 services.
So, we have what we have now: expensive schools ($15,000 per child; $375K per classroom of 25) and claims about being underpaid.
Source: http://schansblog.blogspot.com/2024/01/on-teacher-pay.html
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