<< If our priorities changed and we spent the proper amount of money paying our teachers, I would wager that we would see a lot of improvement in our schools. >>
Ahhh, the dream of old-school Soviet style central planning is still alive and well i see. So tell me, since the free market has so screwed up the "proper" pay for teachers, how much do you think their pay should be?
<< . If you want good quality teachers for our children, someone better realize that teachers deserve much more. They deserve more recognition and they deserve better financial rewards. >>
And another one. So pray do enlighten us, since you obviously know better than the free markets, i ask again, how much SHOULD teachers be paid? Give us a dollar figure. Should a teacher's starting salary be $20k? $40k? $60k? $100k?
For those out there who failed and/or slept through economics classes, here's a basic kernel of economic truth for you... the normal starting salary for any given job position is completely dependent on what level of salary the marginal applicant will accept.
Let's try an example, to assist in understanding this concept. You are a business owner, and have 2 open job positions to fill. The position is a semi-skilled one, that is, a certain base level of competence is required, but not so much that it would be considered a specialized position, which means there will generally be more applicants than positions. Let's say that for your 2 job positions, you have 6 applicants. All 6 are qualified for the position, and are of relatively equal ability and experience (to wit, all graduates of training programs with no experience). Therefore, how do you make the determination on which of the applicants to hire?
Easy. You ask each applicant what level of salary they will accept the position at. Of your 6 applicants, they give the following answers:
Applicant 1: $20k
Applicant 2: $25k
Applicant 3: $30k
Applicant 4: $35k
Applicant 5: $40k
Applicant 6: $45K
Now quick, what do you think the starting salary level will be for your new group of hires?
Summary of concept: the true 'proper' salary level for any given position is where the market achieves an equilibrium between the salary demands of the employee, and salary offers by the employer for the same position. What you THINK a certain position should be paid is utterly immaterial, and it is utterly foolish for you to presume you know better what that proper level is.