Education: Pay teachers Market rates?

How should we pay teachers in public schools?
Answer: MMP - Modified Market Pricing.

Ok, there is a debate on how to attract top teaching talent, while being fair for all. Here is my proposal:

1. Pay all teachers a base rate
2. Each year, based on supply and demand, add on a bonus to attract and help retain talent in areas that are harder to recruit for (e.g. math, science due to fewer qualified candidates)
3. Allow the bonus pay to be set for a 3 year period, and then reset to market levels.

This concept would rely on market forces to attract new teachers into areas that are needed, while maintaining areas that are over subscribed. Here we let the market (supply and demand of a specific talent area) help to dictate prices. Has this been tried? Just Curious.

StuDiego

More blogs about StuDiego.