Tag Archives: job security

In a post written yesterday, the venerable Dr. Jay Greene makes the point that education schools typically undersell the benefits of the teaching profession to their own graduates: But the reality is that teaching is a pretty good gig. Yes, the work can be draining, but the hours are great and you get regular breaks throughout the year, including a long one over the summer. The annual pay is OK, but when you consider it on an hourly or weekly basis, you’ll get paid more than the average white collar or professional specialty and technical worker (according to the U.S. Bureau of Labor Statistics). In addition, during a period of almost 10% unemployment you’ll sure appreciate the high job security. And let’s not forget the benefits, including solid health-care and an extremely generous retirement package that will let you retire in your mid-50s with about 60% of your peak salary guaranteed for the remainder of your life and adjusted for inflation. It would take a fortune in a 401k or 403b to produce that kind of pension benefit.

I earlier told you about the tough teacher union negotiations here in Denver that got resolved at the last minute. But there’s even more momentous negotiations going on in Washington, D.C. – a school district that has earned a poor reputation for wasteful and corrupt bureaucracy and dismal academic performance. New D.C. Schools Chancellor Michelle Rhee (of Teach For America fame) is trying to clean house, though, as the Washington Post‘s Steven Pearlstein notes: Negotiations are stalled over Rhee’s proposal to give teachers the option of earning up to $131,000 during the 10-month school year in exchange for giving up absolute job security and a personnel-and-pay system based almost exclusively on years served. If Rhee succeeds in ending tenure and seniority as we know them while introducing merit pay into one of the country’s most expensive and underperforming school systems, it would be a watershed event in U.S. labor history, on a par with President Ronald Reagan’s firing of striking air traffic controllers in 1981. It would trigger a national debate on why public employees continue to enjoy what amounts to ironclad job security without accountability while the taxpayers who fund their salaries have long since been forced to accept […]