Earlier quoted context omitted.
Labor compensation in the U.S. is also extremely unequal, which pulls the average up in a way that isn't very informative as to this particular issue. The average starving PhD would be a much better and more knowledgeable teacher to high school students in the subject she took her PhD in, than the typical high school teacher with nothing more than an Education credential. Are you sure that you need to pay such high w…
Here in my state teachers in good districts start at $60,000 per year and see minimal increases due to length of service; after 20 years they might be making $75,000 per year. You ever done the math on living on $60k per year? Hard to do a lot besides support youself on that income. I note that surrounding states (even higher cost states) have lower salaries. Teachers get paid peanuts.
Newbie teachers start around $70k last I checked, and hit six figures in 5-6 years.
This is roughly double median salaries.
That said, I think they earn every bit of it even with "summers off" and their relatively lucrative benefit packages. The work environment is utter shit. Basically zero ability to manage a classroom and get rid of any shitheads - with very little supportive parenting or administration having your back. Even if salaries were $500k/yr I wouldn't remotely consider taking such a job.
Pay itself though? Not an issue for one of the worst performing major urban school districts in the nation.