It's dry, so here's the meat of the interview....
Greene: According to the U.S. Bureau of Labor Statistics (BLS), public school teachers earned, on average, $34.06 per hour in 2005. That is 36% more than the average white collar worker and 11% more than the average professional specialty and technical worker, which are the categories in which the BLS places teachers. To give some examples, public school teachers are paid at a higher rate than architects, mechanical engineers, psychologists, and chemists. These earnings figures exclude benefits, such as health and retirement, which tend to be more generous for public school teachers than other workers. I should also emphasize that we did not calculate any of these earnings figures ourselves. We simply repeated information collected by the BLS’ National Compensation Survey, which your readers can view themselves here.
FP: So how much do teachers get paid on an annual basis? And how much do they get paid on an annual basis if you factor in that they only work 10 months a year?
Greene: On an annual basis the average teacher in the United States is paid about $47,000 for 38 weeks of work. The equivalent for 50 weeks of work would be about $62,000.
FP: How do we address concerns about failing to count work that teachers take home?
Greene: It is certainly the case that many teachers take some work home, but that is also the case with many other professionals. The BLS survey is designed to capture all hours actually worked, both by teachers and by other workers....
Sounds like a pretty good gig to me. Both of my wife's parents are teachers and they, quite honestly, don't work all that much compared to the hours I'm pulling as a senior software engineer. Granted I'm making more than either of them, but I'd let my company keep a portion of my salary in exchange for a huge two-month block of vacation every year to spend with family, travel, etc.
The full report is here, for those curious: http://www.manhattan-institute.org/html/cr_50.htm
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