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That's very interesting. In the US, if we only accepted 20% of people who wanted to be teachers, we'd have a very bad shortage of teachers. The real questions
by jeffasinger 13y ago
That's very interesting. In the US, if we only accepted 20% of people who wanted to be teachers, we'd have a very bad shortage of teachers.
The real questions is, why do so many people want to be teachers in Finland?
- fulafel 13y agothe 2.5 month summer vacation, prestige and relatively good salary. the Cato quoted PPP corrected salaries might mislead if they fail to account for stuff you get for the high taxes (healthcare, education, retirement homes etc).
- valar_m 13y agoCost of living is a much better way to compare salaries. They actually mentioned that: "Moreover, the cost of living in Finland is about 30% higher."
- fulafel 13y agoTheir cost-of-living link just leads to OECD stats that are used as basis of computing PPP. So the cato article makes 2 mistakes: applying the PPP normalization twice (once by using "PPP normalized income" and a second time in adding the ~30% from the "cost of living"), in addition to ignoring what you get in exchange for the taxes that lower your purchasing power.