Education pays.
According to a new report from the Organisation for Economic Co-operation and Development (OECD), adults with a college degree are 10 percentage points more likely to be employed, and will earn 56% more on average than adults who only completed the end of high school. They are less likely to suffer from depression than their less-educated peers.
The US has always enjoyed a huge advantage in higher-ed attainment. In 2000, 43% of 25-34 year olds had a college education compared to an average of 26% in the 35 OECD member countries. But that advantage is quickly closing. In 2016, it was down to four points, with 48% of Americans following through to higher ed. And Americans now have to compete in an increasingly competitive global workforce.
American teachers lag in salary
According to the report, Education at a Glance 2017, US teachers, on average, earn less than 60% of the salaries of similarly-educated workers. They have among the lowest relative earnings across all OECD countries with data. This is what teachers’ salaries, relative to that of other college-educated adults looks like in 24 of the OECD’s 35 countries…