Given that promotions are not merit based there is no reason to believe that higher teacher compensation is getting us better teachers. There is also no reason to believe this speculative benefit is worth more than smaller classes or more university spots.Oh that 'law' which doesn't apply in employment? The flaw when applying it to employment is that as pay goes down, so does the incentive for strong candidates to apply.
It also assumes all employees are the same quality but they're not. Experience does count. Before my work schedule got in the way, I spent a good chunk of time coaching kids and although I entered it with a strong technical knowledge of the game, it took me a while to start understanding how to deal with kids with all sorts of backgrounds (and unlike teachers, I had the threat of benching them working in my favour - I feel sorry for teachers who have no effective threats). I would also have to be crazy to pay a fresh out of school engineer the same as one with experience until that new guy learned the specifics of the job and proved himself.
Yes, being able to get rid of bad teachers would be great but that has nothing to do with compensation.
If we had merit based compensation then it might be worth paying a premium for better teachers, but we don't have that, so it isn't. Even if we did no one had demonstrated that it is the best use of any extra education money.
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