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If you are a school and want to hire kindergarten teacher, you will put an ad and get lot of response, you may or may not want the best because you know that av

by sumedh 10y ago

If you are a school and want to hire kindergarten teacher, you will put an ad and get lot of response, you may or may not want the best because you know that average teacher will be ok too. So you hire the average teacher with average salary. If you are looking to invest your money with a hedge fund manager you want to go with the guy who has a great historical record but the hedge fund manager knows that too so he will charge a premium but you are ready to pay that premium because of his good historical record. So the free market decides that average teachers are good enough and they will do the job with average salary. But in the world of hedge funds, average managers are not good enough, you want the best and you are ready to pay a premium to get the best manager.

RugnirViking 10y ago
> If you are a school and want to hire kindergarten teacher, you will put an ad and get lot of response Given that there is a massive teacher shortage[1][2][3], and there is no shortage of aspiring hedge fund managers, can you come up with a model that reflects more accurately reality? [1]: https://www.washingtonpost.com/local/education/america-has-a-teacher-shortage-and-a-new-study-says-its-getting-worse/2016/09/14/d5de1cee-79e8-11e6-beac-57a4a412e93a_story.html https://www.washingtonpost.com/local/education/america-has-a... [2]:http://www.huffingtonpost.com/news/teacher-shortage/ http://www.huffingtonpost.com/news/teacher-shortage/ [3]:https://edsource.org/2016/states-teacher-shortage-hitting-alarming-rates-for-2016-17-new-survey-says/573497 https://edsource.org/2016/states-teacher-shortage-hitting-al...
- sumedh 10y ago
  I dont know why are you complicating this. First of all the shortage is only some specific sectors like STEM or schools in poor areas.[1] So the question you should ask is why is there a shortage in some areas, it's because teaches are not being paid well so the supply is dwindling. This is exactly how the free market works. The next question you should ask is why did salaries for teachers kept going down. There might not be a shortage aspiring hedge fund managers but there is shortage of fund managers which good historical track records so the good ones get lot of investment money. [1]: https://www.brookings.edu/wp-content/uploads/2017/04/es_20170426_understanding_and_addressing_teacher_shortages_in_us_pp_dee_goldhaber.pdf https://www.brookings.edu/wp-content/uploads/2017/04/es_2017...
specialist 10y ago
"...the free market decides that average teachers..." What is free about the job market for educators? The political process which determines their compensation? The bureaucratic machine which continues to raise the bar (credentials)? The procurement process which diverts tax dollars into crony coffers? The mandatory unpaid overtime? What, in your opinion, could teachers, or any individual teacher, do to earn a higher salary?
- sumedh 10y ago
  If the politicians set higher salaries for public school teachers it's going to come out taxpayers money. Teachers can work in private schools or teach online or give private tutoring.

by sumedh 10y ago

RugnirViking 10y ago

> If you are a school and want to hire kindergarten teacher, you will put an ad and get lot of response Given that there is a massive teacher shortage[1][2][3], and there is no shortage of aspiring hedge fund managers, can you come up with a model that reflects more accurately reality? [1]: https://www.washingtonpost.com/local/education/america-has-a-teacher-shortage-and-a-new-study-says-its-getting-worse/2016/09/14/d5de1cee-79e8-11e6-beac-57a4a412e93a_story.html https://www.washingtonpost.com/local/education/america-has-a... [2]:http://www.huffingtonpost.com/news/teacher-shortage/ http://www.huffingtonpost.com/news/teacher-shortage/ [3]:https://edsource.org/2016/states-teacher-shortage-hitting-alarming-rates-for-2016-17-new-survey-says/573497 https://edsource.org/2016/states-teacher-shortage-hitting-al...

sumedh 10y ago
I dont know why are you complicating this. First of all the shortage is only some specific sectors like STEM or schools in poor areas.[1] So the question you should ask is why is there a shortage in some areas, it's because teaches are not being paid well so the supply is dwindling. This is exactly how the free market works. The next question you should ask is why did salaries for teachers kept going down. There might not be a shortage aspiring hedge fund managers but there is shortage of fund managers which good historical track records so the good ones get lot of investment money. [1]: https://www.brookings.edu/wp-content/uploads/2017/04/es_20170426_understanding_and_addressing_teacher_shortages_in_us_pp_dee_goldhaber.pdf https://www.brookings.edu/wp-content/uploads/2017/04/es_2017...

specialist 10y ago

"...the free market decides that average teachers..." What is free about the job market for educators? The political process which determines their compensation? The bureaucratic machine which continues to raise the bar (credentials)? The procurement process which diverts tax dollars into crony coffers? The mandatory unpaid overtime? What, in your opinion, could teachers, or any individual teacher, do to earn a higher salary?

sumedh 10y ago
If the politicians set higher salaries for public school teachers it's going to come out taxpayers money. Teachers can work in private schools or teach online or give private tutoring.