In North America, teachers are grossly underpaid and their ability to discipline poor performance has been entirely eviscerated. It’s not just SF, look at what’s happening in Vancouver: https://nationalpost.com/opinion/rex-murphy-cutting-honours-... The problem is the administration: The board that sets the standards and the parents and politicians who sit on those boards. The solution is this: Ban anyone without a m…
https://www.heritage.org/education/report/assessing-the-comp... > Workers who switch from non-teaching jobs to teaching jobs receive a wage increase of roughly 9 percent. Teachers who change to non-teaching jobs, on the other hand, see their wages decrease by roughly 3 percent. This is the opposite of what one would expect if teachers were underpaid. https://www.heritage.org/education/report/critical-issues-as... > O…
I would imagine education degrees are not particularly versatile: they’re meant to train you to become a teacher, more or less. Given that, it is not particularly surprising that teaching is one of the better-paying options once you commit to that pathway. However, there are plenty of other, career tracks: potential teachers might become accountants or engineers instead.
Zooming in a bit…the big “fringe benefit” is obviously summer vacation. Valuing that correctly is tricky, and the assumption used in that report is that it’s linear in the amount of time off: one week off is worth $X, so the summer vacation must be worth $15X. I would bet that’s not really true and it has declining marginal value like everything else.