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Marketplace All-in-One

We don’t pay teachers enough

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 12 September 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Only a third of teachers think their salary is adequate, according to a recent survey. Could raises be key to keeping teachers from quitting? Plus, the New York Fed says pessimism about credit, income, and the odds of getting laid off or fired is up. We’ll discuss why that gloomy outlook doesn’t match official reports of strong employment and cooling inflation.

Transcript

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0:00.0

In a way, America's teachers are being asked on average to work more than a day and a half

0:07.1

free every week we will explain.

0:10.5

David Brankachio Marketplace Morning Report, only one third of public school teachers

0:14.4

feel their base salary is adequate, according to a survey out today from Rand.

0:19.2

Compare that to the 60% of all working adults who say their base salary is adequate and

0:24.3

if you've ever met a teacher you probably know how much they work, 53 hours a week during

0:29.7

the school year, on average, Marketplace's Stephanie Hughes reports.

0:33.8

The Rand study is called all work and no pay.

0:37.1

Two teachers unions funded the research but didn't have any editorial control over the

0:41.0

conclusions.

0:42.5

The survey finds that teachers won a $17,000 raise on average, the equivalent of a 27% pay

0:48.9

hike.

0:49.9

It means that teachers feel dissatisfied with their jobs.

0:52.5

Elizabeth Steiner is one of the authors.

0:54.8

She found that dissatisfied teachers are more likely to consider quitting and then improving

0:59.2

pay in hours could keep them engaged.

1:01.8

But that costs money.

1:03.3

Marguerite Rosa directs storage towns at Unomics Lab.

1:06.6

You would need higher taxes for states or maybe more property taxes locally.

1:12.4

Rosa points out that those who teach math, special ed and in high poverty schools are more

1:17.0

likely to quit.

1:18.6

And the question then is should we be giving everybody the same raise or should we be targeting

...

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