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Teachers salaries are set by government policy. Market forces play less of a role than politics do. Not sure what economic theories are lost here.
by andrewjl 5y ago
Teachers salaries are set by government policy. Market forces play less of a role than politics do. Not sure what economic theories are lost here.
- datavirtue 5y agoTheir pay is actually quite high. They get a scaled pension that lasts for all of retirement after 20 years of service. How many millions do you need in the market to generate that level of income in retirement? [Breaks out the world's smallest violin]