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Epidemic of Ignorance - Back-to-school blues.
National Review Online ^ | August 23, 2007 | Victor Davis Hanson

Posted on 08/23/2007 10:49:01 AM PDT by neverdem







Epidemic of Ignorance
Back-to-school blues.

By Victor Davis Hanson



TOPICS: Business/Economy; Editorial; Government; Politics/Elections
KEYWORDS: education; publicschools; school; vdh; victordavishanson
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To: eraser2005

I do get it. A 9.8% return is as good as most diversified portfolio out on the market. You are comparing the rate of return for stocks only. You don’t consider bonds or the virtues of a balanced portfolio ? I think teachers who are in their late 40s and nearer to retirement have a different perspective than a 25 yo might.

The teacher’s plan you discuss is more explicitly stated as to where the contribution comes from. Do you think any company does not consider pension contributions as a part of total employee compensation, and adjust gross salary accordingly ? In the business world, workers are considered to get more money in salary if there is no employer defined-benefit pension than those workplaces who have 401(k) only plans. And no, many employers do not have a company match(I can’t find any statistics on any %s of employers who do have 401k matches). Some employers contribute company stock only. Think Enron. How did that work out for those employees ?


121 posted on 08/24/2007 11:27:40 AM PDT by cinives (On some planets what I do is considered normal.)
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To: Let's Roll
She said it’s because it’s one of those things that needs to be taught individually.

Well?

Hop to it!

It's not like they have to teach more than 10 or 12 kids in a class anyway.

122 posted on 08/24/2007 11:37:45 AM PDT by HIDEK6
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To: too much time
In rural Georgia, many minority students are asked "where do you stay"

And the question asked of couples is, "How long have you been together," rather than, "How long have you been married."

123 posted on 08/24/2007 11:40:00 AM PDT by HIDEK6
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To: cinives

http://www.econ.brown.edu/econ/sthesis/MattPapers/Paper8.html

82% of all companies offer some level of match, with 3% being average.


124 posted on 08/24/2007 12:04:06 PM PDT by eraser2005
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To: HIDEK6

Yep, sounds like something Mom and Dad could do all right.


125 posted on 08/24/2007 12:36:50 PM PDT by Let's Roll (As usual, following a shooting spree, libs want to take guns away from those who DIDN'T do it.)
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To: cinives

Yep. A number of my daughter’s dance friends are either homeschooled or deal with the “geek” ostracization factor at the public school. Why parents put up with that beats me.

I much prefer that she deal with the various jealousy factors and such at dance than in her academics. She learns what the real world is like, earns the privilege of the part she is cast in, most of the time, and finds out first hand that life is not fair. She has learned these things and much more. The dance world is highly competitive and she has learned to work hard and keep going even if her friends all got party girl for nutcracker, and she only got party boy for three years.

But academics is for learning, not as a basis for singling out the few bright students and subjecting them to cruelty for kicks with your own tax money!!! I am not surprised that the teachers are leading the way. Considering that on average they are the lowest of all the college degrees, I bet that most do hold an antithesis against bright students. Old resentments and all of that nonsense.


126 posted on 08/24/2007 1:27:37 PM PDT by TruthConquers (Delendae sunt publici scholae)
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To: eraser2005

That was only Vanguard’s data from 2001, and the average firm participating had 1500 employees.

Since the majority of the American workforce is employed by small businesses, with under 500 employees, to suggest that Vanguard’s data can extrapolate to the larger economy is simply misleading.


127 posted on 08/24/2007 1:52:15 PM PDT by cinives (On some planets what I do is considered normal.)
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To: cinives
Considering that most workers get NO pension other than what they themselves contribute to their 401(k), teachers at least have something a lot more significant. If the average worker is lucky enough, they might get a company match for some part of their contributions.

Oh please. When I worked in industry, I got a pension, and the company also matched my first 4% of 401K contributions. (I got paid a lot more too, but we won't mention that since I knew I would take a significant pay cut when I decided to teach....)

128 posted on 08/24/2007 3:22:23 PM PDT by Amelia
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To: cinives
Let me get real world in a subject with which I am very familiar. In every suburban school district outside Philadelphia, teachers with 10 years are making about 60k per year. By retirement time, at 25-30 years, most of these same teachers are making 100-128k per year (depending if they have a masters degree). So around here, a 25 year teacher with a masters degree is making 117k per year for 10 months of the year, and at age 47 can retire with a pension of around $60k per year. I call that well paid by any standard.

Sounds like a state and local problem to me. You know, of course, that teachers in PA & NY are among the highest paid in the country. Maybe those of you in those states ought to do something about your problem.

In my state, the maximum amount a teacher can make, with a doctorate degree, is about $72K. I can find the state salary schedules for you, if you'd like, or you can look them up yourself. Teachers here also have to work 30 years or until age 60 to be eligible for retirement.

On the other hand, a friend of mine retired from the military at age 42 with great pay and benefits - same friend pointed out to me that the advantage of the military over teaching was that the military could kick out underperforming and unmotivated "students"...

129 posted on 08/24/2007 3:33:26 PM PDT by Amelia
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