It would be fantastically expensive. Chicago has 21,000 teachers. Paying them $1 million per year would cost $21 billion, dwarfing the city's current $3.8 billion budget. Even paying them $100,000 per year on average would cost half the city's budget.
And there is little reason to believe it would yield better results. American teachers are well paid compared to other OECD countries where students do better: https://www.businessinsider.com/teacher-salaries-by-country-....
Not that we shouldn’t compensate teachers well (as they deserve it) but I can imagine that a high compensation with strict requirements could introduce a “measure becoming a target and no longer a measure” situation.
This is an important point. $100,000+ per year is not unheard of for teachers in Ontario (conveniently public sector incomes >$100,000 are required to publicly disclosed[1]), and they have problems with graduates not having even basic literacy and numeracy skills[2].
[1] https://www.ontario.ca/page/public-sector-salary-disclosure
[2] https://www.theglobeandmail.com/canada/article-one-in-four-o...
I live in Oak Park, just on the outskirts of Chicago, and the median teacher cash comp at my kids' high school is something like $120,000.
Everything for the state, nothing outside the state, nothing against the state. Mussolini
The rich would still afford private school. Public schools get more funding.
Excessive pay doesn’t motivate performance.