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and first of all, I don't buy the study.
Based on two pieces of anecdotal evidence. For one, I have two seemingly useless college degrees. Since graduating from college I have worked low-wage, part-time, no benefits jobs, and low status jobs. I would love to have a degree that qualified me to apply for a decent paying, high status job anywhere in the country.
Secondly, in 1983 when I sorta flunked out of my physics major, I switched to a math major. But then I thought, what does a math major do? Probably teach, was the only answer I could see (and one that turned out to be very accurate because after I quit the math education program, I majored in math and that has been a mostly useless degree). Well, it happened at that time that the media was running a story about a "shortage of math teachers". Because of those stories, the math education department at the University of Minnesota suddenly tripled in size. Many of the new people already had college degrees, but they were going back to school so they could get one of those "low paying jobs" teaching math.
Of course, that was only 20 students when CLA graduated about 800 a year (or more - there were 800+ at my graduation, and presumably some graduated without bothering to goto the ceremony).
The other point is, though, that those other college graduates are presumably working in the private sector. So here's a teacher making $40,000 a year and here's a non-teacher college grad making $48,000 a year. Well, the corporation that is paying Mr./Ms. college grad is MAKING A PROFIT off of them. That college graduate does $80,000 or $100,000 worth of work, for which they get paid the $48,000. In the public sector there is no profit to justify (and also pay for) the high salary. Instead that salary is being paid by tax-payers, and many of those taxpayers are themselves, making much less money than many of the teachers they are paying. Those people are allowed to vote too. You may want to tell a bunch of $8 an hour Wal-mart workers that the $50,000 a year teacher is not making enough money, but I spent too many years as that $8 an hour worker to take up that banner myself.
Just one more anecdote though. After I got my math major I was hired by the US Government, specificcally the US Air Force. So I was a GS-7 in the military industrial complex. The talk around my office was about how we were not paid enough and that a math major like myself could make more money in the private sector. Being young and foolish, I quit that job before I had another job lined up. What did I find in the private sector? Was it piles of beaucoup bucks? Nope. First, I found NO job from December 1985 until August 1988 at which point I went to graduate school for the awesome pay of $6,000 a year. I left with a worthless MS and got a part-time teaching job for $8,100 a year. Meanwhile if I had stuck with my supposedly low-paying government job, I would have been a GS-9 in 1986 ($10.45 an hour) a GS-11 in 1987 ($12? an hour), a GS-12 in 1988 ($14 an hour) a GS-12 step 2 in 1989 ($15 an hour) a GS-12 step 3 in 1990.
Yeah, the current pay for a GS-12 step 3 is $64,292 a year. I coulda been a contenda instead of a bum.
Ultimately, if teachers don't like their pay, if they don't get satisfaction from the fact that they are making a difference in the lives of young people, the door to the private sector is always open. They too can fill out hundreds of applications just like all the currently unemployed college graduates.
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