Tuesday, December 11, 2012

"High Wages Needed for Teachers"

Teaching should pay what it's worth to society, is the teachers' argument.

But you don't get paid for the value you bestow. Nothing would work if you did.

You get paid less than the value you bestow, and more than the value of the job to you.

Then both sides profit.

The value gap is why there is voluntary economic activity; and, added up over the nation, each such transaction raises the standard of living.