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Tuesday, April 19, 2011

How many teachers does it take to pay a CEO?

From Phenom

Pay data are coming out, and it’s worth asking: how many Massachusetts K-12 teachers does it take to equal the pay of one average CEO (of an S & P 500 company)?

The answer: 167 teachers are the equal of one average CEO. Not an especially highly paid CEO. Just a plain regular CEO. (Teachers in Massachusetts are paid on average $68,000 a year, according to the MTA budget; CEOs on average are paid $11,358,445, according to

Teachers are being asked to take pay cuts, brought in by making them pay lots more for health insurance. In higher education, faculty took a pay cut last year, as the 1.2 percent nominal increase in pay was less than the rate of inflation.

But cheer up: SOMEONE is getting a pay raise. CEO pay went up 23 percent.

I don’t need to tell you: We’d love to improve education and do better by the students. Unfortunately, “there’s just no money.”

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