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There is an interesting dynamic in Finland that arises from the substantial wealth transfers and the small size of our economy. This creates a situation where
by pasiaj 10y ago
There is an interesting dynamic in Finland that arises from the substantial wealth transfers and the small size of our economy.
This creates a situation where the difference in income between a teacher and a lawyer or an MBA is not very big. Teachers in Finland enjoy a very long vacation, also. Basically for top talent the choise is between a very meaningful job, autonomy, ok pay and looooong vacations and working long hours in dronish jobs and not getting paid that much better.
- adventured 10y agoWell here's the interesting thing, teachers in Finland are not making more than teachers in the US, and teachers in the US also get a long vacation. The US also has a similar pupil to teacher ratio as Finland. https://www.theguardian.com/teacher-network/teacher-blog/2014/sep/05/how-the-job-of-a-teacher-compares-around-the-world https://www.theguardian.com/teacher-network/teacher-blog/201...
- pasiaj 10y agoI believe strongly, that the important wage comparison is not between the Finnish teacher and the US teacher, but between the US teacher and the US MBA, and the Finnish teacher and the Finnish MBA. In US a teacher makes about a third of what an MBA gets. In Finland the difference is an way smaller when you account for all the wealth transfers.