Question

Been a while since I blogged, or did so here at least. Might be a while again and this one’ll be quick. Reading Nick Kristof’s piece in the NYT this morning, in which he expresses support for teachers but characterizes their demands as basically unreasonable and wonders whatever will become of the children, I thought back to a much better post on the Economix blog from a day or two ago.
In that post, Catherine Rampell reports two facts that interested me:

1) The U.S. spends more money on education than other OECD countries (7.3% of GDP for us and an average of 6.2% for the other countries).

2) Teachers in the U.S. make less than their counterparts in similar countries, relative to the pay that they could receive that would fit their education level, despite working longer hours.

Rampell concludes the post by asking whether it’s worth it for teachers to choose a lower-paying profession, which is a good question.

But the one that sprung to my mind is: if we’re spending lotsa money on education (see 1) and we aren’t paying our teachers as competitively as other countries (see 2), then… where’s all that money going?

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