[patio11]

I agree with everything in the above post except the one unevidenced claim: that teachers' wages are low. Teachers' wages are not low in the United States on average.

Quoth the BLS:

Median annual wages of kindergarten, elementary, middle, and secondary school teachers ranged from $47,100 to $51,180 in May 2008; the lowest 10 percent earned $30,970 to $34,280; the top 10 percent earned $75,190 to $80,970.

You can scroll down the list of occupations and see some folks who get paid less than teachers. It is an eye-opener in some cases (firefighters make less than middle school teachers? Really? Whoa.)

[amalcon]

For the most part, wage is tied directly to the amount of education required for a position. Teachers have similar education requirements to high-tech fields (bachelors is not required, but not having it is considered a special case; bachelor's is the low end; master's is typical). Which high-tech fields are on that list?

[Avshalom]

In New York for instance as far as I know a Masters Degree is required. That means that that top 10% $80,000 salary is being paid to a someone in the middle of NYC with 30 years of experience and a Masters degree (at least, probably a PHD).

Also yes firefighters earn terrifyingly low salaries, so do cops and a lot of other government funded position necessary for the continued survival of civilization

[yummyfajitas]

First, a masters in teaching is not hard to get. You basically just need to show up.

Also, the base pay of a teacher in NYC with 20 years experience is $83,000 (with pay going up if they have degrees). $83k/year for 39 hours/week, 9 months a year is not bad, even by NYC standards. (It's equivalent to $99k/year working all year.).

http://schools.nyc.gov/Offices/DHR/TeacherPrincipalSchoolPro...

They also get to retire at 55 with a full pension, assuming they started work at 25. So you need to factor in the value of those extra years of pension, and fewer years of work to get it.

http://www.psc-cuny.org/PensionApermanentDecision.htm