If you live in or around NYC, John will be appearing in conversation with Randi Weingarten — the topic is “Unions and the Future Of Our Schools” — on Wednesday, December 14. Click here for tickets and info.
We posted a new video at Learning Matters this week; it’s an attempt to review what we know about the American teacher force — and done in quiz format. Watch it now, embedded here. After the video, check out my thoughts on “the other one percent;” I had similar ideas published in The New York Daily News this week. If interested in some of these themes, I encourage you to purchase a copy of my book, The Influence of Teachers. All proceeds go to Learning Matters.
Let’s watch the video to test your knowledge:
And now, thoughts on “the other one percent.”
I’d like to begin by thanking my teachers in 5th, 6th and 7th grades, Mrs. Pulaski, Mr. Burke and Miss Elmer. They taught us percentages and showed us how to ‘round down,’ which I am doing now, because the US population is 312,624,000, and we have 3,198,000 public school teachers, which computes to 1.02%.
That’s right. More than one out of every 100 Americans teaches in our public schools.
What, you thought I was talking about Wall Street fat cats, professional athletes, entertainers and other rich people? (If interested in some thoughts on the intersection of business and education, you should listen to a new podcast we posted with Doug Lynch of UPenn.) That’s a different one percent, and I guarantee there’s no overlap between the two groups. The average teacher today earns about $55,000. At least 75 CEOs earn that much in one day, every day, 365 days a year. According to the AFL-CIO’s “Executive Paywatch,” the CEO who ranked #75, David M. Cote of Honeywell, was paid $20,154,012, for a daily rate of $55,216.47.
The CEO at the top of the heap, Philippe P. Dauman of Viacom, was paid $84,515,308. My third grade teacher, Mrs. Krepela, taught me how to compute averages, so I can tell you Mr. Dauman earns a daily average of $231,549, which is more than four times what the average teacher earns in a year.
Unlike wages for teachers, CEO salaries have been soaring in recent years. Forty years ago, the average public school teacher earned $49,000, adjusted for inflation. That’s a raise of a whopping $150 a year for forty years, or about one quarter of one percent annually.
Here’s another way that the other one percent is different: teachers spend their own money on supplies for their classrooms. That came to $1.33 billion in school year 2009-2010, or $356 per teacher, according to the National School Supply and Equipment Association.
I will wager several packs of colored pencils that Mr. Dauman, Mr. Cote and the other high earners do not drop by Staples to pick up office supplies for their secretaries.
The teaching profession is often criticized because salaries are not based on performance, meaning that the best teachers earn what their less-than-stellar colleagues take home. While that’s generally true, it’s also changing fast. Twenty-four states now base teacher evaluation in part on student performance, and Denver, Washington, DC and other localities have created ‘pay for performance’ systems that reward individuals or entire schools when students do well. Connecting teacher effectiveness with student outcomes is the wave of the future, and it’s becoming easier to remove ineffective teachers than it was just a few years ago.
That doesn’t seem to be true on Wall Street and in corporate boardrooms, where the pay of the CEO is often at odd with his company’s performance. Take Cisco and John Chambers. The website 24/7 Wall Street ranks Chambers the most overpaid CEO, based on his total compensation of $18,871,875 even though the price of Cisco common stock fell 31.4 percent.
In fairness, some teachers are actually overpaid, because they have ‘retired on the job’ and are just going through the motions until they can retire for real. Of course, there’s a big difference between being overpaid at $55,000 and being overpaid at $20,500,000, which is what Carl Crawford of the Boston Red Sox earned for hitting .255 with just 11 home runs last season. Like the CEO of Honeywell, Crawford is earning about $55,000 a day, every day, 365 days a year. He ranks only 28th on the list of athletes, according to Sports Illustrated’s “Fortunate Fifty.”
As may have occurred to you, public school teachers — the group I am calling the other one percent — are actually part of the 99 percent. However, they probably were not occupying Zuccotti Park. At least not during the day, because that’s when they are otherwise occupied — teaching our children and grandchildren.