• Nomorereddit@lemmy.today
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      6 hours ago

      Basic supply and demand matters.

      The supply side matters. Teaching has one of the largest labor pipelines in America, which weakens bargaining power for higher wages. Large numbers of education degrees are awarded every year, while many districts can still fill positions from a broad applicant pool compared to highly specialized professions.

      Teachers are also among the largest professional workforces in the country: www.census.gov/library/stories/2022/07/teachers-among-most-educated-yet-pay-lags.html

      Meanwhile, professions with tighter labor supply like engineering, medicine, and advanced tech fields generally command much higher salaries because shortages increase leverage.

      That is basic supply and demand economics, whether people like hearing it or not.