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It's interesting to consider that many of these lower paying jobs - such as teachers/caregivers are very hard to tie performance to profits. Therefore the mark
by whiddershins 9y ago
It's interesting to consider that many of these lower paying jobs - such as teachers/caregivers are very hard to tie performance to profits.
Therefore the market forces are different or nonexistent, who hires a $500,000/year rock star grade school teacher? Even if such a thing exists and has real impact.
- OJFord 9y agoI'd have thought that would be easier to do for teachers than for (the implicit comparison) software engineers.
- sheepmullet 9y agoNot at all. As a parent I have limited choice in who my kids teachers are. Where I lived I didn't even get a choice of schools. But the market is clearly there - plenty of people here pay $25-$30k/year for private school. With a small class size of 10-15 students that's $250k-$450k/year. On top of that most people here pay maybe $10-$15k to schools via property tax. So that's another $100k-$150k.
- OJFord 9y agoBut that's a different issue, I replied to a comment about compensating performance. There are already metrics for teacher performance (at its crudest: What's the average grade going in and out of the teacher's class?) which could be used to determine salary. (And maybe it is in some places.)