I’M IN THE WRONG LINE OF WORK
From yesterday’s Wall Street Journal:
Who, on average, is better paid–public school teachers or architects? How about teachers or economists? You might be surprised to learn that public school teachers are better paid than these and many other professionals. According to the Bureau of Labor Statistics, public school teachers earned $34.06 per hour in 2005, 36% more than the hourly wage of the average white-collar worker and 11% more than the average professional specialty or technical worker.
In the popular imagination, however, public school teachers are underpaid. “Salaries are too low. We all know that,” noted First Lady Laura Bush, expressing the consensus view. “We need to figure out a way to pay teachers more.” Indeed, our efforts to hire more teachers and raise their salaries account for the bulk of public school spending increases over the last four decades. During that time per-pupil spending, adjusted for inflation, has more than doubled; overall we now annually spend more than $500 billion on public education.