A Teacher's Year, a C.E.O.'s Day: The Pay's Similar
This blurb on how little teachers are paid relative to CEOs appeared in the NYT business section on Sunday. CEOs are indeed overpaid relative to ANY standard of sanity, but this does NOT mean that teachers are underpaid. In fact, as slides 8-11 of the presenation at http://www.tilsonfunds.com/Personal/Classsize&teacherpay.pdf show, teachers are quite well paid, given the number of hours that they work, plus they have benefits and job security virtually unheard of in the private sector.
As a little back-to-school thought, let’s shift gears to a group of workers who earn pennies in comparison but who, it could be argued, play at least as vital a role in society. It is teachers, after all, who try to make sure that those captains of industry have educated workers.
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A Teacher’s Year, a C.E.O.’s Day: The Pay’s Similar
Enough already on how many millions this or that chief executive earns, how many stock options are tossed around to keep the Champagne flowing, the McMansion dusted, the Bentley polished.
posted by Whitney Tilson at 9:37 AM
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