Government Employees Are the Scum of the Earth

[Dauphin]

It's generally seen that bank shareholders (even institutional ones) don't have a whole lot of say over what bank executives get paid.

He may have been implying "too big to fail" relates to monopoly and "government bailout" to government paying.

[notyoueither]

Pay for risk taking, problems with corporate governance, bailouts of financial institutions; these are some things that made me smile when reading what I replied to.

[Kuciwalker]

The value a teacher provides is extremely difficult to calculate. Absent this, the next best option is seniority.

Hardly.

[KrazyHorse]

They're not choosing an alternative to paying her that, so they must approve of it at some level.

The people choosing what to pay are not the same people paying, even if you ignore the tremendous agency problems. This is the realm of public choice economics. Overall, public sector workers get a 15% wage premium or so. Ones with more experience get even more of a wage premium.

[KrazyHorse]

Seniority is the best way to reward teachers.

[KrazyHorse]

I find it somewhat ironic that this comes from an employee in the financial sector.

I have no idea why, and I'm pretty sure you don't either.

[KrazyHorse]

It's generally seen that bank shareholders (even institutional ones) don't have a whole lot of say over what bank executives get paid.

He may have been implying "too big to fail" relates to monopoly and "government bailout" to government paying.

1) I don't think even the loosest definition of "executive" would include me
2) There is a great deal of study on the subject of agency problems and corporate governance, and the majority of papers I've seen conclude that there is very little to suggest equity holders suffer substantially from this. If anything, execs have become more aligned with equity holders over time (to the detriment of bondholders and employees). Not that I think there is anything wrong with this, as it is the stated goal of joint stock companies....
3) If anybody in the financial sector received bailouts (as distinct from simply being part of monetary policy) it is the end holders of AIG credit risk and various regional banks (both their equity and debt holders)

[Felch]

The value a teacher provides is extremely difficult to calculate.

No it isn't.

We have the ability to assess student understanding, right? They're called tests, and while they aren't perfect, they're pretty damn useful. So we assess student understanding at various points during the year. If the students are learning, then we can say that the teacher is doing well. If the students are not learning, then we can say the teacher is not doing well. There are other factors that come into play with student achievement, like trouble at home, or personal issues like depression. However, the most important factor, and the one factor that school districts can control and are responsible for, is the quality of the teacher. Ignoring that is why kids turn out so damn dumb.

[Hauldren Collider]

We have explained this to Boris and he has repeatedly rejected it. I don't expect the filosofer to grow the brain cells required for him to understand the obvious.

[Felch]

Sorry, I've been ignoring this thread, and I hadn't bothered to read the first couple hundred posts.

[Hauldren Collider]

This was in previous threads, mainly. But I don't blame you for skipping most of this thread...

[DaShi]

We have explained this to Boris and he has repeatedly rejected it. I don't expect the filosofer to grow the brain cells required for him to understand the obvious.

Who's we?

[MRT144]

I was talking to one of my friends that teaches high school and she's been in two districts so far. She said that basically there are ways to measure teacher performance but...the teacher can't control or entice parents or kids buying into and supporting education and that it takes 2/3 people (Teachers, Parents, Kids) to have successful outcomes. Other than the long hours and dealing with parents, and constantly being maligned categorically, she will continue teaching as long as they let her.

[Imran Siddiqui]

I don't fully agree with OBoris, but I do think that is far more difficult to measure teachers' performances that simply comparing test scores. Mostly due to what OBoris and MRT have said.

[KrazyHorse]

You guys are ****ing idiots. If teachers have little to no impact then why should we ****ing pay them? If they do have impact then we should be able to measure it and discriminate based on this. WE ALREADY MEASURE HOW MUCH STUDENTS LEARN THROUGH THINGS CALLED TESTS.