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Thread: $101,091: Annual Compensation for Average Milwaukee Teacher

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    Re: $101,091: Annual Compensation for Average Milwaukee Teacher

    Quote Originally Posted by Nevergolfpar View Post
    Actually, he was basing his numbers off of $55,000 per year and not $50,000 per year. As a result that equates to an annualized salary of $73,333.33. While your math is indeed correct, the variables you used were wrong. The problem with both calculations is the fact that neither formula factors in the deferred compensation packages that these teachers are making (at least in Wisconsin) to fund retirement/pensions. On top of the $55,000 per year salary another 11% needs to be added to account for the deferred compensation package. The new math looks like this:

    $55,000*1.11= $61,050 (4/3)*61,050=$81,400 based on an average teacher salary of $55,000 in the state (which admittedly I believe is high). I will post another with the real numbers, but let me do the research first....
    Using 2009 data, the average teachers salary in the state of Wisconsin is (according to teachersalaryinfo.com) $48,743.33 per year. With total teacher salary expenditures of $3,571,389,694. With this information we can accurately estimate the amount of teachers in the state at 73,269.

    Benefit expenditures for the state: $1,719,827,769. With this information we can accurately conclude the average teacher in the state of Wisconsin is paid an additional $23,472.00 (rounding) in state provided benefits.

    Based on this information the average teacher salary in the state is $72,215.33 per year in total compensation. This number is accurate to within in +/-$25. Unless someone on this board can prove me wrong mathematically, then I suggest both sides on this board use the $72,200 number when discussing teacher salaries in the state.

    Furthermore, Wisconsin is rated at 24th in the nation in teacher salaries and this $72,200 would also be a good barometer to suggest the average teachers salary in the entire United States.

    Now lets annualize this ACCURATE data which was CPwill's original intent: 1.3333*$72,215.33=$96,287.10 per year. The average teacher in the state of Wisconsin makes an annualized salary of $96,287.10 per year!!!!!

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    Re: $101,091: Annual Compensation for Average Milwaukee Teacher

    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: $101,091: Annual Compensation for Average Milwaukee Teacher

    Quote Originally Posted by Catawba View Post
    I saw that. He did a real good job.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: $101,091: Annual Compensation for Average Milwaukee Teacher

    Quote Originally Posted by The Giant Noodle View Post
    Ive been saying this for years! Teachers are paid TWICE what they are worth! Reading this REALLY pisses me off!
    What should really piss you off is the media making up exaggerated stories to piss you off... Especially when don't have anything to compare it with.

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    Re: $101,091: Annual Compensation for Average Milwaukee Teacher

    For the record, I'd think 100k to be a fair salary for a 20+ year reputable, career teacher.....but, 100k average means they're making to much to soon, imo.
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

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    Sterotypes are mostly based on truths.

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    Re: $101,091: Annual Compensation for Average Milwaukee Teacher

    Quote Originally Posted by mac View Post
    For the record, I'd think 100k to be a fair salary for a 20+ year reputable, career teacher.....but, 100k average means they're making to much to soon, imo.
    Personally, I think thats about 35k too high, but thats must me I guess.

    Quote Originally Posted by Nevergolfpar View Post
    Using 2009 data, the average teachers salary in the state of Wisconsin is (according to teachersalaryinfo.com) $48,743.33 per year. With total teacher salary expenditures of $3,571,389,694. With this information we can accurately estimate the amount of teachers in the state at 73,269.

    Benefit expenditures for the state: $1,719,827,769. With this information we can accurately conclude the average teacher in the state of Wisconsin is paid an additional $23,472.00 (rounding) in state provided benefits.

    Based on this information the average teacher salary in the state is $72,215.33 per year in total compensation. This number is accurate to within in +/-$25. Unless someone on this board can prove me wrong mathematically, then I suggest both sides on this board use the $72,200 number when discussing teacher salaries in the state.

    Furthermore, Wisconsin is rated at 24th in the nation in teacher salaries and this $72,200 would also be a good barometer to suggest the average teachers salary in the entire United States.

    Now lets annualize this ACCURATE data which was CPwill's original intent: 1.3333*$72,215.33=$96,287.10 per year. The average teacher in the state of Wisconsin makes an annualized salary of $96,287.10 per year!!!!!
    Problems with your math
    1. Annualizing the salary is unnecessary because total salary is whats important here due to that salary being what teachers actually make.
    2. You took benefits, which are annualized, and then annualized them again.
    Last edited by tacomancer; 03-09-11 at 08:21 PM.

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    Re: $101,091: Annual Compensation for Average Milwaukee Teacher

    Quote Originally Posted by megaprogman View Post
    Personally, I think thats about 35k too high, but thats must me I guess.
    Maybe, but I think with that much time on the job plus the high level of education required...it's fair. MBAs in the corporate world are making over 100k after 20 years, I guarantee it.
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

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    Re: $101,091: Annual Compensation for Average Milwaukee Teacher

    an awful lot of teachers deal with 5 year olds, 8 year olds, ten year olds

    a lot of em shoot hoops

    it aint rocket science

    (that's not to take away from pe teachers, they have huge classes these days, often no walls, i think more principals i've known have come from pe than any other discipline)

    very few teachers do calculus

    all kinds of math teachers, for example, have trouble with algebra, i've helped dozens, maybe a hundred

    i work 181 days a year, i start at 8:15 and finish at 3:05

    very few of us take work home, tho english teachers do, hundreds of pages of the worst writing you can imagine, i taught high school english once

    if you teach block schedules here in the CA east bay, you get ONE HUNDRED MINUTES OF PREP per day

    retirement was sposed to be about 400% social security

    there's tenure, it's great

    i sure have had a lot of kids who can't add fractions tell me how teachers are underpaid, several hundred kids, at least

    that's one thing their teachers sure taught em

    teachers make bank, my opinion

    party on

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    Re: $101,091: Annual Compensation for Average Milwaukee Teacher

    Quote Originally Posted by The Giant Noodle View Post
    ALright man...... teachers hardly do any work. They are there for SIX hours a day! Thats 30 hours a WEEK! They are off around 2 days a month for whatever lame holiday comes around. Then they have THREE MONTHS OFF!!! Their job is EASY! At least 3 out of 10 people could walk in and do their job with ZERO training.
    You know why its hard to get a teachers position? Because everyone and their cousin wants to be one! So they made it more difficult in Illinois to qualify. My friend Rob is a teacher. He used to be a retail book store manager. He said that was TWICE as difficult.

    Lets not even get into how difficult it is to fire a crappy teacher! Or their INSANE pensions! Beginning teachers should make no more than $27K a year and after ten years make no more than $37K a year. Now divide that salary by NINE...... NOT 12 since they only work 9 months. Plus they need to pay 20% of their benefits.
    You have no idea what you are talking about. In the U.S. I NEVER had a six-hour day as a teacher... NEVER... and in fact, I commonly had 10-hour PLUS days... and I worked weekends many times as well... grading papers and preparing lesson plans, amond other things... The notion that being a teacher is a cushy job is a common myth held by those who are not in the peaching profession...
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    Re: $101,091: Annual Compensation for Average Milwaukee Teacher

    Quote Originally Posted by ludahai View Post
    You have no idea what you are talking about. In the U.S. I NEVER had a six-hour day as a teacher... NEVER... and in fact, I commonly had 10-hour PLUS days... and I worked weekends many times as well... grading papers and preparing lesson plans, amond other things... The notion that being a teacher is a cushy job is a common myth held by those who are not in the peaching profession...
    I would hate to be a peacher, personally.

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