Are Teachers Overpaid?
A while back I took a look at teacher pay from one perspective and concluded that they’re definitely not underpaid. Here’s another look at the same issue, summed up very cleanly and concisely.
One of the arguments against the kind of comparison that I did is that comparing teachers’ compensation to median compensation isn’t an apples to apples comparison. We should instead, the argument goes, be comparing them to those who hold similar educational credentials. The public school teacher defenders then go on to compare teachers against college educated workers and show that, by comparison, teachers don’t do as well.
Except that this comparison at least as flawed, and probably moreso, than comparing to the median worker. With a median worker comparison we get a sense of how teachers are valued compared to society as a whole. Teachers, on average, are valued significantly higher than a typical worker. The education level comparison, on the other hand, is poor because it’s also not an apples to apples comparison. Common degrees for teachers are:
- Education degrees or some variant (art education, math education, history education, etc.).The only real comparison you can do here is public school teachers vs. private school teachers, which the video above does. Note the huge premium that public school teachers get. Outside of teaching, this degree is worthless on the job market. One the one hand, you could argue that the government is picking up the tab for a public good. On the other hand, you could argue that we’re paying teachers to get worthless degrees. Both arguments have merit.
- Liberal arts degrees (English, History, Philosophy, etc). Compared to their private sector counterparts, teachers with these degrees are vastly overpaid. We’ve all heard the common refrain that liberal arts majors get: “What are you going to do with that degree? Teach?” Given the glut of liberal arts majors working craptastic jobs (I have one friend with a MA in English who tries to support his wife and stepdaughters on his pay as a host at Ruby Tuesday), we could probably pay these teachers a lot less and still fill the positions with qualified (at least on paper, which is all the government cares about) applicants.
- Math and Science degrees.By far the minority of degrees for school teachers, this is the one subgroup that can make an honest case for being underpaid. A decently bright (read: average or slightly above average intelligence) worker with a math degree can find plenty of work, and at decent pay. Surprise, surprise – this is the group that the public schools always have trouble filling. At least part of this is because of union encouraged government pay scales that pay all teachers the same.
Comparing teachers with these degrees against national averages of those with any degree is going to result comparing the apples of education and liberal arts degrees (with a spattering of math and science degrees) against the oranges of the degreed public at large including science, engineering, and technical degrees. The engineering degrees alone are going to bring the private sector average up substantially.
What about teachers with masters degrees? Here you’re looking at a group that’s almost exclusively Master’s in Education degrees – another degree you just won’t find outside of teaching – versus a group that includes Master of Science degrees, Master of Engineering degrees and oh yeah, professional degrees like MDs and JDs (two groups that out earn everybody except perhaps the engineers graduate degrees).
Again, all of this is before even considering if they’re actually doing a good job of teaching (which all of the available data and my own personal experiences show that they’re decidedly not).
Like Ferdinand, I’m not happy to see the further decline of middle class America. He raises some very good points about just how messed up our government policy is. But taking a stand here to protect the middle class is the economic equivalent of social conservatives fighting against gay marriage to preserve the sanctity of marriage itself. It’s over and lost already, and even if it weren’t this is the smallest of small potatoes in that war.
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