Showing 20 posts tagged salary

An older millennial with a college degree is earning a median full-time salary of $45,500 a year — $17,500 more than the median salary of $28,000 for full-time workers with just a high school diploma, a new Pew Research Center report finds. That’s the largest pay disparity between young high school- and college-educated workers in at least four generations, the report released Tuesday finds. It’s also further evidence that people with less education are at higher risk of getting left behind in the economic recovery.

Value of College? For Millennials, $17,500 a Year - NBC News.com

“While paying teachers well is only part of the equation, higher salaries can help school systems to attract the best candidates to the teaching profession,” the report said. High performing countries, like Korea and the Netherlands, pay teachers more compared to the country’s average salary than lower performing countries — including the United States. The average salary of America’s 3.3 million public school teachers in 2010 was $56,069, according to the Department of Education. The relatively higher pay in those countries appears to draw teachers who had better grades in college. In 2010, McKinsey and Co. found that nearly every teacher in Finland, Singapore and Korea — all high scoring countries on the PISA tests — came from the top third of their college classes. In the United States, only a third of teachers graduated in the top third of their class.

Would raising teacher pay boost America’s low test scores? - Yahoo News

Students who advance further in high school math have higher wages and are less likely to be unemployed, according to a new study from the Cleveland Fed. So when Noah Smith and Miles Kimball say there is a “math person” in all of us, listen up. The study shows that advancing past Algebra II correlates strongly with finishing high school, graduating from college, and thriving in the workforce.

Will Studying Math Make You Richer? - Derek Thompson - The Atlantic

“Employees who were promised $4 worked no harder than those who were promised $3,” Malhotra told the Harvard Gazette. However, “those who were promised $3 but then later were given an additional $1 worked significantly harder than the other two groups.”

The researchers say the differences comes down to the perception of gifts. If the workers know the extra compensation isn’t mandatory, they are more likely to want to reciprocate the gesture, which they do by working harder. When it comes to paying for performance, $3 $1 only equals $4 in the right context.

Cash bonuses are better than raises for getting people to work harder, say Harvard researchers - Quartz

Teacher Pay Hurt by Recession, Report Says

During the recession and its aftermath, public schools took a hit as both state coffers and local property taxes shriveled. That showed up in shrinking employment, but also in teacher salaries.

According to a report being released Tuesday, the vast majority of teachers in the nation’s largest school districts took a pay cut or saw their pay frozen at least one year between 2008 and 2012.

The report by the National Council on Teacher Quality, a nonprofit group that advocates for tougher teacher standards, looked at salary data across 41 of the country’s 50 largest school districts. Average annual teacher pay increases, which included cost-of-living and contractually negotiated raises as well as increases awarded for extra years of experience, dropped from 3.6 percent in the 2008-09 school year to 1.3 percent in the 2011-12 year. (The report did not include increases that teachers may have received for extra degrees or certifications.)

» via The New York Times (Subscription may be required for some content)

I asked what a teacher’s salary was. $100 per month. So I went to an ATM and bought them a second teacher for the next year.

mind blown

Neil Fraser: News: CS in VN

(via fred-wilson)

(via fred-wilson)

"People don’t see creative people as they are in reality," he said. "Ninety-nine percent of everybody in a creative field is barely eking by. Also, when it comes right down to it, people like getting bargains. They’re not following the product chain back to the initial starting point.

"People are always going to want to get things inexpensively, so part of our job these days is to remind them there’s an actual human being on the other end of the equation, and that actual human being has rent to pay, and children they’d like to feed. The vast majority of writers are not like Stephen King or J.K. Rowling or Suzanne Collins. The average author makes a four-figure salary a year from their writing. If you don’t pay them, a lot of them will decide they can’t afford to write professionally anymore."

MediaShift . Will Authors Get Compensated for Used E-Book Sales? | PBS

Kindergarten Teacher Earns $700,000 by Selling Lesson Plans Online

Teaching isn’t known to be a lucrative profession, but online marketplace Teachers Pay Teachers is changing that for some educators.

Deanna Jump, a kindergarten teacher from Georgia, has made $700,000 selling her lesson plans on Teachers Pay Teachers, an ecommerce startup where teachers offer their lesson plans to fellow educators.

» via Yahoo! News

Does It Matter Where You Go to College?

The rankings, it turned out, mattered a great deal. The more elite a school, the better its alums’ paychecks. The effect also increased over time. Among students who had graduated high school in 1980, those who had gone on to a top private university eventually made 20 percent more than their counterparts from bottom tier public school. For the class of 1972, the wage boost was just 9 percent. 

» via The Atlantic High-res

Does It Matter Where You Go to College?

The rankings, it turned out, mattered a great deal. The more elite a school, the better its alums’ paychecks. The effect also increased over time. Among students who had graduated high school in 1980, those who had gone on to a top private university eventually made 20 percent more than their counterparts from bottom tier public school. For the class of 1972, the wage boost was just 9 percent. 

» via The Atlantic