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        <title>Ben Guest’s Blog</title>
        <link>http://mtc.vox.com/library/posts/tags/finance/page/1/</link>
        <description>Ben Guest, Program Manager of the Mississippi Teacher Corps, Returned Peace Corps Volunteer from Namibia, and Amherst College graduate...</description>
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        <lastBuildDate>Thu, 24 Apr 2008 06:54:45 -0700</lastBuildDate>
        <copyright>Copyright 2008</copyright>
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        <category domain="http://mtc.vox.com/tags/">finance</category>  
 
        <item>
            <title>MAEP</title>
            <link>http://mtc.vox.com/library/post/maep.html?_c=feed-rss-full</link>   
            <author>nobody@vox.com(Mississippi Teacher Corps)</author>
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            <pubDate>Thu, 24 Apr 2008 06:54:45 -0700</pubDate>         
            
            <description>    &lt;p&gt;&lt;a href=&quot;http://www.mde.k12.ms.us/financial_accountability/maep.html&quot;&gt;MAEP&lt;/a&gt;, the basic funding formula for K-12 education in Mississippi, was fully funded &lt;a href=&quot;http://www.clarionledger.com/apps/pbcs.dll/article?AID=/20080424/NEWS/804240378/1001/news&quot;&gt;today&lt;/a&gt;. &amp;#160;Key quote:&amp;#160;&lt;span class=&quot;Apple-style-span&quot; style=&quot;color: rgb(0, 0, 0); font-family: Arial; font-size: 14px; -webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; &quot;&gt;&lt;span class=&quot;Apple-style-span&quot; style=&quot;font-style: italic;&quot;&gt;This is the first time lawmakers have fully funded MAEP, a complex formula that provides money to schools to meet midlevel performance goals, &lt;span class=&quot;Apple-style-span&quot; style=&quot;font-weight: bold;&quot;&gt;outside of a statewide election year&lt;/span&gt;. The program was put into state law in the 1990s.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;    &lt;p style=&quot;clear:both;&quot;&gt; 
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            <title>Links of the Week</title>
            <link>http://mtc.vox.com/library/post/links-of-the-week-3.html?_c=feed-rss-full</link>   
            <author>nobody@vox.com(Mississippi Teacher Corps)</author>
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            <pubDate>Sun, 09 Mar 2008 10:20:51 -0700</pubDate>         
            
            <description>    &lt;p&gt;Per Pupil &lt;a href=&quot;http://www.theatlantic.com/images/issues/200801/miller-map-large.jpg&quot;&gt;Spending&lt;/a&gt; of Public Schools in the U.S.&lt;div&gt;&lt;br class=&quot;webkit-block-placeholder&quot; /&gt;&lt;/div&gt;&lt;div&gt;Forbes &lt;a href=&quot;http://www.forbes.com/2007/06/04/jobs-careers-compensation-lead-careers-cx_pm_0604jobs.html&quot;&gt;List&lt;/a&gt; of America&amp;#39;s Best and Worst Paying Jobs (referenced &lt;a href=&quot;http://mtc.vox.com/library/post/on-motivation.html&quot;&gt;here&lt;/a&gt;).&lt;/div&gt;&lt;div&gt;&lt;br class=&quot;webkit-block-placeholder&quot; /&gt;&lt;/div&gt;&lt;div&gt;&lt;a href=&quot;http://mtc.vox.com/library/posts/tags/the+wire/&quot;&gt;The Wire&lt;/a&gt;, &lt;a href=&quot;http://mtc.vox.com/library/posts/tags/david+simon/&quot;&gt;David Simon&lt;/a&gt;, and Civil Disobedience in &lt;a href=&quot;http://www.time.com/time/nation/article/0,8599,1719872,00.html&quot;&gt;opposition&lt;/a&gt;&amp;#160;to the &amp;quot;War on Drugs.&amp;quot;&lt;/div&gt;&lt;div&gt;&lt;br class=&quot;webkit-block-placeholder&quot; /&gt;&lt;/div&gt;&lt;div&gt;&lt;a href=&quot;http://www.cracked.com/article_15974_7-insane-conspiracies-that-actually-happened.html&quot;&gt;Seven&lt;/a&gt; Conspiracy Theories that Actually Happened.&lt;/div&gt;&lt;div&gt;&lt;br class=&quot;webkit-block-placeholder&quot; /&gt;&lt;/div&gt;&lt;div&gt;How Many Billionaires Does it Take to &lt;a href=&quot;http://www.nytimes.com/2008/03/09/magazine/09roundtable-t.html?_r=1&amp;amp;ref=magazine&amp;amp;oref=slogin&quot;&gt;Fix&lt;/a&gt; the School System? &lt;/div&gt;&lt;div&gt;&lt;br class=&quot;webkit-block-placeholder&quot; /&gt;&lt;/div&gt;&lt;div&gt;The &lt;a href=&quot;http://dir.salon.com/story/news/feature/2004/09/16/tsurumi/&quot;&gt;Dunce&lt;/a&gt;: George Bush at Harvard.&lt;br /&gt;&lt;div&gt;&lt;br class=&quot;webkit-block-placeholder&quot; /&gt;&lt;/div&gt;&lt;div&gt;&lt;br class=&quot;webkit-block-placeholder&quot; /&gt;&lt;/div&gt;&lt;/div&gt;&lt;/p&gt;    &lt;p style=&quot;clear:both;&quot;&gt; 
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            <category domain="http://mtc.vox.com/tags/">money</category> 
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            <title>Low Pay</title>
            <link>http://mtc.vox.com/library/post/low-pay.html?_c=feed-rss-full</link>   
            <author>nobody@vox.com(Mississippi Teacher Corps)</author>
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            <pubDate>Mon, 18 Feb 2008 17:13:51 -0800</pubDate>         
            
            <description>    &lt;p&gt;Over the next few days I&amp;#39;ll be examining the various reasons why people leave the teaching profession.&amp;#160; The first, and most important, reason is one of economic incentives.&lt;/p&gt;&lt;p&gt;For a college graduate, K-12 education offers one of the lowest starting salaries and one of the lowest ceilings for potential future earnings. The best lawyer in Mississippi can expect to make millions of dollars a year.&amp;#160; Same with the best doctor, the best engineer, the best real estate agent, and the best investment banker.&amp;#160; The worst in each of these professions will not be able to make a living and forced out of the profession altogether.&lt;/p&gt;&lt;p&gt;The best teacher in the state of Mississippi, with a PhD and Board Certified, can expect to top out around $65,000.&amp;#160; The worst teacher in Mississippi, with a bachelors and 20 years, will earn around $55,000.&amp;#160; Low pay is the greatest problem in attracting talented young people to the profession of teaching.&amp;#160; Low ceiling is the greatest problem with keeping good teachers in the classroom. Many talented teachers leave the classroom to go into &lt;a href=&quot;http://www.jbhm-edgroup.com/&quot;&gt;consulting&lt;/a&gt;, &lt;a href=&quot;http://www.msreads.org/&quot;&gt;non-profits&lt;/a&gt;, &lt;a href=&quot;http://www.olemiss.edu/depts/educ_school2/directory/AnnMonroe.html&quot;&gt;higher ed&lt;/a&gt;, &lt;a href=&quot;http://phcatalog.pearson.com/co_home.cfm?site_id=6&amp;amp;n=1&quot;&gt;textbook writing&lt;/a&gt;, &lt;a href=&quot;http://www.harrywong.com/&quot;&gt;motivational speaking&lt;/a&gt;, and&amp;#160;&lt;a href=&quot;http://www.olemiss.edu/programs/mtc/&quot;&gt;program management&lt;/a&gt;. Or they leave the education field altogether (those who leave to become princicpals, supts, etc will be the topic of a future post).&lt;/p&gt;&lt;p&gt;When it comes to education, you get what you pay for.&amp;#160; &lt;a href=&quot;http://www.jackson.k12.ms.us/departments/human_resources/salaryscales/teacher_scale.pdf&quot;&gt;Low salaries&lt;/a&gt; and &lt;a href=&quot;http://tmi.olemiss.edu/&quot;&gt;low standards&lt;/a&gt; for teacher licensure mean an abundance of low-quality teachers.&amp;#160; Until the issue of teacher pay is solved, nothing else will change.&amp;#160; By solved, I don’t mean a $5,000 bonus for teaching in a critical-needs area, or &lt;a href=&quot;http://www.mde.k12.ms.us/financial_accountability/home_loan.html&quot;&gt;assistance with housing&lt;/a&gt;.&amp;#160; I mean a fundamental shift in teacher pay.&amp;#160; This would encompass four things:&lt;/p&gt;&lt;p&gt;1)&amp;#160;&amp;#160; &amp;#160;Raising taxes.&lt;br /&gt;2)&amp;#160;&amp;#160; &amp;#160;An equal distribution of tax revenue to school districts.&amp;#160; No longer should property taxes be the basis for a districts annual budget.&amp;#160; This only leads to poor school districts being punished and rich ones rewarded because of land value.&amp;#160; All property tax should be collected, nationwide, and then redistributed equally.&amp;#160; This leads to my next point...&lt;br /&gt;3)&amp;#160;&amp;#160; &amp;#160;Nationalizing public education with a national curriculum and national standards.&amp;#160; Education is far too important to leave up to the individual states and school districts.&lt;br /&gt;4)&amp;#160;&amp;#160;&amp;#160; Doubling the starting salary of teachers nationwide to $60,000 a year (expensive urban areas would start at $80,000 but no starting teacher would make less than $60,000).&amp;#160; $20,000 additional for teaching in a “critical-needs” district.&amp;#160; The top end of the pay scale increases to $200,000.&amp;#160; This would end the nationwide teacher shortage, create competition for all positions, and offer a strong incentive for good teachers to go to high-need schools.&lt;/p&gt;&lt;p&gt;Further Reading:&lt;/p&gt;
    
    
    





        






    
    
    





        






    
    
    





        






    
    
    





        





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                &lt;a href=&quot;http://mtc.vox.com/library/book/6a00c22523f3adf21900f48cfb2bf40001.html&quot;&gt;&lt;img src=&quot;http://a4.vox.com/6a00c22523f3adf21900f48cfb2bf40001-200pi&quot; alt=&quot;Class and Schools: Using Social, Economic, and Educational Reform to Close the Black-White Achieveme&quot; title=&quot;Class and Schools: Using Social, Economic, and Educational Reform to Close the Black-White Achieveme&quot; /&gt;&lt;/a&gt;
        
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                &lt;div class=&quot;enclosure-asset-subtitle overflow-hidden&quot;&gt;Richard Rothstein&lt;/div&gt;
            
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