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View Diary: Entrepreneurs & Venture Capitalists: Line Up for Your Cash Cow Charter School Profits (61 comments)

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  •  Yes, like great teachers for one (5+ / 0-)

    Profit motives don't necessarily improve performance and can often short change the kids

    It's difficult to be happy knowing so many suffer. We must unite.

    by War on Error on Thu Aug 22, 2013 at 08:55:35 PM PDT

    [ Parent ]

    •  Of course the profit motive improves performance. (0+ / 0-)

      That's why Apple makes such awesome cell phones and laptops -- they get wads of cash and we get cool electronics.

      You may have seen the recent story about a teacher in South Korea who makes $4 million a year:

      "The harder I work, the more I make," Kim told the outlet. "I like that."
      And why should great teachers be poor? I don't understand why people get so upset about teachers making real money from their skills. If the government won't pay them more, why should they just resign themselves to a life of living paycheck to paycheck?

      The jury is still out when it comes to education, but I don't see any reason why being a great teacher means you shouldn't be able to capitalize on a skill that also serves to better the community.

      •  you sound quite naive (3+ / 0-)
        Recommended by:
        Azazello, War on Error, JeffW

        or a purposeful plant.

        Teachers making great money? GMAFB.

      •  But that's not what actually happens... (1+ / 0-)
        Recommended by:
        War on Error

        in virtually every merit pay scheme that's been tried, and many have. If you really want to understand this, try reading the actual literature on the idea. Here's a fine analysis of the idea by Ester Quintero of the Albert Shanker Institute that lays out the case against merit pay and links to the studies from three major cities (Nashville, Chicago, and NYC) where it bombed, as well as a large number of other studies on merit pay effectiveness. If you'd like something a little more official, try this extensive study from Berry, Eckert, and Bauries conducted for the National Education Policy Center, which also suggests some actually effective way to structure teacher incentives.

        I am, by the way, a teacher and one who is rated consistently as "highly effective". I'd run like a rabbit from any merit pay scheme, knowing that it would subject me to an arbitrary and pointless process that would be unlikely to change my teaching or my pay in any way that would help either my students or myself.

        Strategy without tactics is the slowest route to victory, tactics without strategy is the noise before defeat. Sun Tzu The Art of War

        by Stwriley on Fri Aug 23, 2013 at 09:02:00 AM PDT

        [ Parent ]

      •  By the way... (1+ / 0-)
        Recommended by:
        War on Error

        did you actually read the WSJ article on this guy? It's not exactly what you may think.

        Basically, he's at the very top end of a system that we don't even have in the US, the hagwon, or after-school, private tutoring industry. He does not work as a regular scholl teacher at all. Most of his $4 million earnings seems to come from his celebrity status and the fact that he's selling access to his lectures as online tutoring to huge numbers of students at $4/hour and writes and profits from the textbooks and workbooks required for these sessions as well. This is neither a real merit pay system nor is Mr. Kim a regular teacher in any sense. Put bluntly, this could not happen in the US at all, and will certainly never happen in a way that would change the pay of 99.99999% of teachers, no matter how good they are.

        Strategy without tactics is the slowest route to victory, tactics without strategy is the noise before defeat. Sun Tzu The Art of War

        by Stwriley on Fri Aug 23, 2013 at 09:14:14 AM PDT

        [ Parent ]

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