3 ms·
Yuuuuup. Teaching has suffered some bad Baumol's Cost Disease... but wages haven't risen to compensate, and meanwhile a bunch of other crap has made the job eve
by yamtaddle 3y ago
Yuuuuup. Teaching has suffered some bad Baumol's Cost Disease... but wages haven't risen to compensate, and meanwhile a bunch of other crap has made the job even less pleasant than it was decades ago, and also costs of essentials like healthcare and housing and education have shot up, further encouraging people to maximize income just to not feel very poor.
[EDIT] That is, to keep teacher supply & quality roughly static, I'd have expected Baumol-like increases in the cost of teacher labor (because accessible alternative careers are paying a lot more than they used to) but instead wages have stayed fairly flat, or even slowly fallen in many places, once you take inflation into account.
- legitster 3y agoBingo. I think it's a strong case of Baumol. If we want to have a consistent quality of education we either need to drastically increase the quality of teachers, or find a way to increase class size while keeping outcomes consistent.