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> teachers with X degree and Y years experience get Y0,000 ±5%

That would never work in tech. And the higher paying firm you go to, the less it works. High performers in FAANG can have refresher and bonus multipliers of 2.5x the base performance rating. In HFT high performers total comp can be double or triple low performers' TC.

I would think it shouldn't work for teachers either. In the US there is a marked difference in teacher compensation between good districts and bad districts and you see the quality difference in the students that come out of those schools.