Most school boards and voters vastly underestimate the value of a great teacher. A teacher in top 10% increases their students' lifetime earnings by $500,000 each year they teach. We need more great people to go into teaching. #WealthCreators hanushek.stanford.edu/publications/v…
@erikbryn Would be interested how much a good teacher at a university in the middle of nowhere adds to your earnings compared to a bad teacher at a Ivy League school. I suspect this is capturing a lot of associated effects.
@erikbryn Hey man I have a bridge in Brooklyn for sale. It's a bargain. DM me your credit card number
@erikbryn Reading the article, two questions come to mind. 1) How well are confounding factors addressed? E.g. kids with good teachers might have other advantages, such as wealthy, well-connected parents. 2) How much of this value is wealth creation, as opposed to redistribution?
@erikbryn Glad to see this. I run @CENTA_Team - one of the world's largest professional platforms for #teachers - exactly working to make this profession aspirational and rewarded. Impacting over a million teachers already... each #teacher voting with their feet for professional growth.
@erikbryn "A high-performing teacher, one at the 84th percentile of all teachers, when compared with just an average teacher, produces students whose level of achievement is at least 0.2 standard deviations higher by the end of the school year."
@erikbryn Similar to how we undervalue natural capital and health. Our finance system is actually pretty dumb
@erikbryn Interesting article. It would be amazing if the US pruned the worst 10% of teachers every few years. I wonder why Finland’s personal income per capita is not higher than the U.S. I wonder if we have more extremely wealthy people that skew the data upward.
@erikbryn The concept may have some merit but the chart is a hypothesis pretending to be data.
@erikbryn TT has a lot of people explaining why they quit teaching: 1. parents 2. administration 3. parents
@erikbryn teachforamerica.org Gotta incentivize them.
@erikbryn "increases their students' lifetime earnings by $500,000" What a pathetic metric. A teacher could do that by teaching students to be sociopaths.
@erikbryn Numbers in minus does not make sense, are you suggesting that students get debt
@erikbryn @ValaAfshar Let’s first start by cleaning the whole education system. Adding good teachers into a rotten system will have no benefits.