Wednesday, September 9, 2009

Teachers Pay Around the World

The graph below is part of the The Organization for Economic Cooperation and Development’s statistics on education around the world released on Tuesday. The average American public primary-school teacher with 15 years of experience and the minimum amount of training earns $46,633 annually. This is compared to the OECD average of $39,007:

Catherine Rampell from Economix explains that,

Comparing each country’s teacher salaries to the wealth of that country makes United States educational salaries appear lower. In the United States, a teacher with 15 years of experience makes a salary that is 96 percent of the country’s gross domestic product per capita. Across the O.E.C.D., a teacher of equivalent experience makes 117 percent of G.D.P. per capita. At the high end of the scale, in Korea, the average teacher at this level makes a full 221 percent of the country’s G.D.P. per capita.

[Via http://freemarketmojo.wordpress.com]

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