MJRomeo, I mean no disrespect to your family, but when you say "we get by", a lot of people - especially the kind of talented individuals we're talking about attracting - aren't interested in a wage which will allow them to just "get by". They do want more, and so they go into more lucrative fields.
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I'm not claiming teachers are starving, or that teachers have it harder than the average Australian. I'm saying that doing "okay" isn't going to attract the best talent to become teachers. We have to offer real incentives to siphon a good portion of talented VCE graduates into education qualifications.
Let me start off my declaring my position: almost completely against yours.
Let me also warn, this is going to be controversial. I have a lot of respect for teachers and their job. This is not an attack, it is what my attempt at a rational account.
http://www.seek.com.au/jobs-resources/articles/salary-infoFor now, let's take seek.com's data. (It was actually surprisingly difficult to find decent data, this turns out to be one of the better ones before I had to fill out request forms. for example, fairfax's mycareer seems to believe the average salary is ~$100k)
Unsurprisingly, education and training ranks quite lowly.
If we were to look at the highest paying jobs (the first 10 or so), there appears to be two main themes (some appearing in both):
- They involve big decisions with big consequences, the so called 'high-level' decision making. Their decisions with money usually require one or two sets of "000" at the end, and the number of people they affect also have one or two sets of "000" at the end. These are high demand, high reward jobs. E.g. mining, construction, HR, marketing, banking, government.
- They involve high level innovation and problem solving. These require thinking about things in new ways all the time, you never get to solve the same problem. E.g. engineering, construction, ICT, legal, science, marketing, banking, healthcare.
If you compare these careers to primary and secondary teaching, there are some radical differences. There are risks in not teaching the kids properly, but those are more or less mitigated by having textbooks, guidelines and external services. The risks (and consequences) of teaching is very different to the risks and consequences of an investment banker, for example, who may lose a school's annual budget on one mistake. Innovation is required in education, but not to the same degree as the jobs listed above. There are no 'big decisions' like the big decisions an investment banker has to make. It is certainly still a high pressure, high workload job, but I argue that compared to other jobs, it is far less mentally demanding.
Looking at it from another perspective, why should the most talented individuals, i.e. the 'smartest' individuals, choose to become primary/secondary teachers? Excuse me for being abrupt, in the utilitarian sense, these 'smartest' people should be performing irreplaceable functions that the next person cannot perform. In the education sector, these irreplaceable functions would be teaching the most difficult concepts, which takes place at university, and are fulfilled by academics getting paid top-tier salaries. I would argue that primary/secondary education teach materials that are conceptually easy and repetitive (on a relative scale compared to the highest paying jobs), primary/secondary education by nature do not attract students at the highest end of the spectrum.
Of course, no one will ever argue that primary/secondary education is unnecessary or unimportant, and people who take up this career are very honourable in their choice. They shape students' mentality in a profound way, and deserve all the respect in the world. However, it is by nature not a career that's reserved for the most talented individuals.
So if we go back to the seek.com's chart, I find the placement of a few of the sectors immediately above education out of place, for example, I would have imagined sales & insurance to be ranked lower than education. But perhaps this is coming from my lack of knowledge of these fields. Perhaps primary/secondary education does need a pay rise, but not on the magnitude of, say, 30%.
To sum up, primary/secondary education, by nature, should not be at the top of the salary charts.