Think US Teachers Are Overpaid? Try Underpaid
American teachers' pay ranks 24th in the world
First, forget the time off myth. Teachers tend to either participate in career development or take on an extra job during the summer. Why more work? That gets to the second part. When compared to much of the developed world, American teachers are underpaid. annual pay for kindergarten and elementary school teachers is $53,090. The median for high school teacher annual pay is $55,050.
But teachers have a minimum educational requirement of a bachelor's degree, and many teachers also have master's degrees. That changes things. According to the BLS, the median weekly pay for people who hold at least a bachelor's degree is $1,219, or $63,388 a year. That means teachers are 16 percent behind people in general with a bachelor's degree or higher.
According to data from the Organization for Economic Co-operation and Development (OECD), American teachers also lag teachers from other countries when compared to private sector employees with comparative amounts of education, as reported by Quartz.com. The average ratio for all countries measured by the OECD is 0.89, which means that a teacher on the average makes only 89 percent of what someone in the private sector with a similar education makes.
At the top of the list are Spain (1.4), Korea (1.34), Luxembourg (1.24), Portugal (1.17), and Flemish Belgium (1.17). In these countries, teachers make more than comparatively educated workers in the public sector. The same is true, to a lesser degree, for Finland, Denmark, Germany, French Belgium, New Zealand, and Canada.
After that point, teachers make less than those in the private sector. Israel, England, and Australia are all above the 90 percent mark. But the U.S.? It's twenty-fourth on the list at 0.7. That is lower than the BLS comparison, which would have been 0.84, but the difference could be between comparing median scores, which are the middle value in a range, and average scores.
Below the US? Hungary, Italy, Austria, Estonia, Iceland, the Czech Republic, and the Slovak Republic.