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All I said is that it might be excessive to pay 40% of public employee's individually [1] 40k more a year than the median household income [2] in the area.

Don't equate that with arguing for Austerity.

https://www.openthebooks.com/forbes-why-san-francisco-is-in-... [1] https://www.census.gov/quickfacts/sanfranciscocitycalifornia [2]

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Are you not arguing that public sector employees in San Francisco should get a pay cut?

Not really, all I did was question the OP scoffing that an 150k salary is not a lot of money. My mother is a public school teacher.

It's not a lot of money in San Francisco, where you're fighting with every tech company employee for housing

Do you have a quantitive way of making the distinction of what "a lot" is? 150k is substantially more than the average SF household, and is about 83 percentile for individuals.

https://dqydj.com/income-by-city/

Average home prices in SF is 1.3M, so a household of two teachers would give them a P/E ratio of 5. The P/E ratio for the average US home is 4.4.

Are teachers overpaid, or are people in SF underpaid relative to the value of a house?

a P/E ratio of 4.4 is nuts. The fact that we normalized that is wild. Same for committing 30% of net income to housing.

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