>Wages for public sector workers are legally defined and, at least, in this case, have very little to do with any measure of utility.
Public sector workers can leave for private wages, and for most comparable jobs, are paid similar wages, perhaps more so when adding benefits of most public sector jobs compared to volatility in private equivalents.
So maybe the wage is not the result of public artificial restriction, but of the value placed on the jobs themselves in the open job market.
Also not US teachers are among the highest paid in the world, certainly the OECD, likely because of Baumol's Cost Disease (which would imply US teachers are intrinsically overpaid, but receive the wages they do because schools must compete with outside even higher paying jobs to attract teachers). So perhaps it's not simply the US or public systems, but this is around the value on such skills worldwide.
So either the entire planet places similar utility on teaching as measured by pay, or the entire planet, public and private, has reached the same wrong conclusion.
Public sector workers can leave for private wages, and for most comparable jobs, are paid similar wages, perhaps more so when adding benefits of most public sector jobs compared to volatility in private equivalents.
So maybe the wage is not the result of public artificial restriction, but of the value placed on the jobs themselves in the open job market.
Also not US teachers are among the highest paid in the world, certainly the OECD, likely because of Baumol's Cost Disease (which would imply US teachers are intrinsically overpaid, but receive the wages they do because schools must compete with outside even higher paying jobs to attract teachers). So perhaps it's not simply the US or public systems, but this is around the value on such skills worldwide.
So either the entire planet places similar utility on teaching as measured by pay, or the entire planet, public and private, has reached the same wrong conclusion.